New Company Brings Unique Cybersecurity Expertise to the Cyber
Insurance Industry
SUNNYVALE, Calif.–(BUSINESS WIRE)–CyberFortress,
an Insurtech startup focused on protecting e-commerce companies from
cyber threats, officially launched its Downtime Risk Assessment for the
conclusion of Plug
and Play’s Insurtech accelerator program. The assessment helps
e-commerce companies reduce their risk of suffering an event that leads
to downtime. The CyberFortress team brings over a decade of small
business cybersecurity expertise to the problem, providing users with a
deep understanding of the cyber risks that small businesses face.
“The main cyber threat facing e-commerce companies is downtime. A DDoS
attack, ransomware, or even a service provider outage or failure can be
devastating to an e-commerce company,” said Huw Edwards, CEO of
CyberFortress. “If a small e-commerce company can’t collect revenue,
they may not be able to make their next payroll, threatening their
ability to survive.”
CyberFortress’s offering is built off of the continuous collection of
data from thousands of features and technology choices evaluated through
time and analyzed using machine learning to provide a fact-based and
probabilistic assessment of a company’s exposure to suffering downtime.
The CyberFortress
Downtime Risk Assessment differs from competitors by employing
machine learning to infer underlying behaviors of e-commerce businesses
as they relate to technology, an essential and often overlooked aspect
of security.
“You can have the best alarm system in the world, but if you forget to
turn it on then it’s worthless. Behavior matters. And the same is true
in cyberspace,” said Mike DeFelice, CTO of CyberFortress.
“CyberFortress’s risk assessment model analyzes the nature and pace of
technology changes as a proxy for a company’s attitude and approach to
security, which helps us quantify the behavioral factors that make or
break a company’s security.”
Organizations that use CyberFortress’s
Downtime Risk Assessment can take advantage of its ease of use, as
it requires only a business email address, and its unique behavioral
focus.
To find out your business’s cyber risk score and exposure to a downtime
event visit www.cyberfortress.com.
About CyberFortress
CyberFortress is a cyber insurance company that is building a new kind
of online business interruption policy for e-commerce companies.
Headquartered in San Antonio, CyberFortress leverages over a decade of
security and technical expertise working with small business data
security. For more information, visit www.cyberfortress.com.
Contacts
Christina Weaver, [email protected]
