Ontinue and Antigen Security help to reduce cybersecurity insurance costs
Ontinue, a provider of AI-powered extended managed detection and response (MXDR) services, has partnered with Antigen Security, a cyber risk management firm, to improve the cybersecurity postures of customers, while reducing their cybersecurity insurance costs.
Purchasing and maintaining cyber liability insurance has become more complicated for businesses due to increasingly sophisticated ransomware and other threats that can disrupt and completely shutter their operations, the company states. Insurers want companies to have strong security controls in place to weather breaches and could deny coverage if an organisation lacks the required technologies.
To address this, Ontinue and Antigen have partnered to produce Titan Defense Complete, powered by Ontinue ION MXDR. Titan Defense Complete is a security solution that helps companies of all sizes effectively manage cyber risk by combining Ontinue ION MXDR with Antigen Incident Response services and financial protection in the form of cyber liability insurance.
This joint solution has been vetted and certified by multiple cyber insurance carriers, making customers who use it eligible to save up to 90% on their cyber insurance premiums.
Chris Raniere, Chief Revenue Officer for Ontinue, comments, "Antigen is an ideal partner, offering industry-leading capabilities in incident response (IR) and recovery engineering that complement our ION MXDR service, while enabling customers to dramatically reduce their cyber insurance costs.
"Many of our customers are interested in bolstering their security portfolio with IR services and we are excited to recommend a partner like Antigen, which has been pre-approved by several major cyber insurance carriers to perform IR work for their clients."
Steven Legg, CEO and Co-Founder of Antigen, says, "With Antigen Titan Defense Complete, powered with Ontinue ION MXDR, we are providing companies with a vetted security solution that fulfills insurers requirements.
"This eliminates the time-consuming process to evaluate security vendors and allows customers to move quickly to improve their security postures, protect themselves from business-disrupting attacks and dramatically lower their cyber insurance costs."
In addition to offering Titan Defense Complete, Antigen and Ontinue will also refer existing customers and prospects to each other for their additional services. In the case of Antigen, this includes its IR Consulting services, which helps companies experiencing an active breach contain, remediate and recover their environments.
Antigen also offers its Rapid Response IR Retainer service, which allows companies to preemptively purchase an IR service retainer so Antigen can immediately respond should a company experience a breach.
Ontinue ION delivers Nonstop SecOps with 24/7, always-on protection while increasing overall security program maturity, efficacy and scalability. ION includes the first Microsoft Teams-based collaboration model for seamless real-time communication between SecOps, IT and all other security stakeholders.
Ontinue is also pioneering the use of generative AI and automation to accelerate the detection and response to threats faster, according to a statement from the company.