The insurtech and risk-mitigator that insurers, warranties, and certifies security solutions – Cysurance – has partnered with IT management and security software provider Kaseya to launch the Kaseya Cyber Insurance Fast Track Programme.

Cheaper, faster coverage

Designed to speed up the process in which managed service providers and businesses of all sizes attain cyber insurance, Cysurance says this new product will help reduce cyber security costs for companies, as well as provide a seamless insurance solution. In addition, Kaseya’s partnership with Cysurance will deliver up to US$1.5m in cyber security insurance coverage for businesses that adopt and implement Kaseya’s IT Complete Security Suite.

Kirsten Bay, Co-Founder and CEO of Cysurance says: “The suite includes Kaseya’s Dark Web ID, BullPhish ID, Graphus or SaaS Defense, Datto EDR and RocketCyber Managed Security Operations Center (SOC) modules. “Cysurance has not only worked with Kaseya to certify, warranty, and insure properly implemented solutions, we have also streamlined the enrollment process for underwriting risk while offering between 20%-50% discounts from traditional cyber-coverage rates. “This announcement represents a major industry breakthrough in how organisations optimise investments in security to reduce both cost and risk. Customers can now pre-qualify for coverage and save on premiums by utilising Cysurance-certified security solutions. “Instead of paying more for cyber insurance and dealing with the lengthy process of qualifying for coverage, Kaseya customers are immediately eligible. Moreover, the savings can cover the cost of Kaseya’s Security Suite modules.”

Greater security amid cyber threat rise

Cysurance and Kaseya add the launch of their joint new programme comes amid growing enterprise expenditure on security and risk management, to combat the worsening threat landscape with cyber hacks and scams on the rise. With its supposed affordable offering, Cysurance feels its new coverage option stands above the rest, which cyber insurance premiums rising across the board as a result of rising cyber breach rates. The insurtech adds the Kaseya Cyber Insurance Fast Track Programme is designed to be interoperable, working in tandem with an organisation’s other solutions to boost cost-efficiency and ease of integration.

Mike Puglia, General Manager of Kaseya’s Security Suite, adds: “Launching this programme with Cysurance is further proof of Kaseya’s commitment to the overall success of our customers. We’re excited by the impact this programme will have on our MSP and SMB customers as they continue to battle against the ever-evolving cyber threat landscape.”