Secured2 announces first Cyber Warranty to Indemnify Users against Data Breaches
Minneapolis & Washington D.C. — Secured2 today announced an industry-first Cyber Warranty Program that combines leading-edge security with data-breach indemnification. The warranty program, which provides up to $5 million in indemnification benefits, was designed and is offered by a unique partnership that includes Secured2; Risk Cooperative, a specialized risk advisory firm and Lloyds of London coverholder for cyber insurance; and Ridge Global a specialized risk-advisory firm founded by Tom Ridge, the first U.S. Secretary for Homeland Security.
“To solve the ‘risk’ problem associated with today’s cloud solutions the innovative approach we are taking takes risk off the table by providing a warranty against a data breach and providing reassurance by providing a level of security that can be indemnified. Being the first solution in the world that can both secure and indemnify users against a data breach changes the game entirely,” said, Daren Klum CEO of Secured2.
The key elements of this industry-first warranty program include:
Secured2 Product – Secured2 provides all the critical components necessary to secure data in today’s high-risk environment. Secured2’s beyond encryption, quantum resilient security protects customers against today’s current and emerging threats to data security. Building this security advantage into Microsoft Office 365 and Microsoft Azure. The current platform consists of secure email, secure data delivery, secure cloud storage and document collaboration (file sharing) across the business continuum. As well, Secured2 also offers a security API built off Azure that allows app developers to secure their app data.
Cyber Warranty (Indemnification) – Every customer that takes advantage of Secured2’s innovate technology will be covered by its Cyber Warranty program. This warranty provides up to $5 million in indemnification to users should the Secured2 technology fail to protect user’s data as intended.
Cyber Risk Expertise – Secured2’s partnership with Risk Cooperative and Ridge Global provides its customers with access to leading edge cybersecurity technologies and best in class practices. As a Lloyd’s of London coverholder, Risk Cooperative has access to proprietary risk transfer solutions helping organizations mitigate potential cyber threats and obtain preferential coverage terms. Additionally, customers can also take advantage of cyber education offerings, and thought leadership to guide them in cybersecurity and risk management best practices.
“Cyber and physical security risks present an increasingly complex set of challenges to enterprises of every size,” said Gov. Ridge. “While these threats cannot be eliminated, this new offering from Secured2 will help organizations not only more aggressively manage their risk, but also provide peace of mind.”
“Cyber risk is increasingly defining the 21st century, with virtually every facet of the global economy exposed to this insidious threat. Working with Secured2, and its leading-edge technology, we strive to help make organizations more resilient and improve their risk profiles,” said, Andres Franzetti, Chief Strategy Officer and Founding Member of Risk Cooperative.
Secured2 Corporation (www.secured2.com), a Microsoft Partner, is a data security technology pioneer. Beyond Encryption™, the company’s core product introduces a shrink-shred-secure-restore methodology, combined with new compression technology that reduces the size of data up to 80 percent. Secured2 drives innovation for organizations that require 100 percent security for critical data assets.
For more information about Secured2 visit www.secured2.com
About Risk Cooperative & Ridge Global
Working together under the banner of Risk, Readiness, and Resilience, Risk Cooperative and Ridge Global bring comprehensive risk management solutions to market. The companies formally integrated a strategic partnership in 2017.
Risk Cooperative is a specialized strategy, risk and insurance advisory firm licensed to originate, place and service innovative risk-transfer and insurance solutions in all 50 states, D.C. and Puerto Rico. Risk Cooperative, a coverholder at Lloyd’s, helps organizations address risk, readiness and resilience through a comprehensive service and solution offering in partnership with leading insurance companies and value-adding partners. Learn more at http://www.riskcooperative.com
Ridge Global is the risk management firm led by Tom Ridge, the first U.S. Secretary of Homeland Security and 43rd Governor of Pennsylvania. Ridge Global works with C-suite and board executives around the world to reduce enterprise cyber risk and to build more resilient organizations through innovative protection and response capabilities, cyber education and insurance solutions. Learn more at www.ridgeglobal.com