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CYBERSECURITY INSURANCE: Are your customers’ needs covered in order to get it?

Cyber-attacks are rampant. And it’s not getting any better.

Organizations across all industries, and of all sizes, both public and private, are painfully aware of this. As a result, they are doing all they can to not just to prevent them, but to insure themselves against them, should things go pear-shaped.

And they’d be right to do so.

Data breaches cost companies a whopping $3.86 million per incident last year. In addition, there was also a  massive 245% uptick in ransomware attacks (causing $21 billion in losses in the US alone).

As a reseller of cybersecurity solutions, you’ll want to make sure that your customers can get fast and easy access to cybersecurity insurance in order to help them safeguard their business.

Unfortunately, the road to insurance isn’t an easy one.

Here’s why:

MFA –The big technology with a little name

MFA (Multifactor Authentication) is designed to add more security checks to the login process. So, users wishing to gain access to networks or data, need to submit additional information to verify their identity before they are allowed ‘in’. By adding more login proof points, businesses can better prove that someone is who they say they are and, if they aren’t, make it that much harder for them to gain access.

Insurers wanting to make sure that the likelihood of a cyberattack is as low as possible, are now requiring MFA in order to deem a company eligible for insurance.

So, MFA, and you’re insured, right?

Er, not so fast.

While MFA and identity providers have improved the authentication process, there are numerous integration and maintenance challenges, including applications that are not naturally compatible with MFA at all, such as non-web and thick/fat applications, etc.

Getting MFA for Internal Admin Access is problematic

Complying with requirements is complicated. While standard MFA solutions can cover some of these use cases, none can cover all of them. Additionally, integrating MFA to corporate applications and services is no simple task, especially for non-web and thick/fat applications, which are not naturally compatible with MFA.

ZoneZero® changes all that.

ZoneZero® is an Identity-based zero trust solution that offers seamless integration to MFA providers (Synchronic MFA, Push messaging, Biometric, instant messaging, REST API) and secure access control, supporting both non-web protocols and legacy infrastructure.

With ZoneZero®, organizations can easily integrate multi-factor authentication, continuous identity verification, and identity awareness into all applications and services, regardless of whether the user is coming from the same or different network.

What does ZoneZero® mean for MFA resellers, specifically?

ZoneZero® means you can get MFA up and running and help your customers get insured against cyberattacks, through:

  • Fast and easy implementation to get your customers up and running in only a few hours
  • Secure user access for ANY Internal resource
  • Reduced attack surface, blocking unauthenticated users
  • Ability to add MFA to any application, continually authenticating users
  • An opportunity to grow your business profit margins with effective zero trust implementation

And that’s not all.

With ZoneZero you can:

  • Expand your customer base with leading identity-based zero-trust technology recognized by analysts such as Gartner and Forrester
  • Differentiate your business with identity based zero-trust technology
  • Help your existing customers overcome the modern challenges of securing user access without replacing existing technology
  • Offer your customers a platform that’s completely scalable and flexible to their needs
  • Benefit from a financially rewarding partner program
  • Get full support from a dedicated account manager, sales, and technical team

About Version 2 Limited
Version 2 Limited is one of the most dynamic IT companies in Asia. The company develops and distributes IT products for Internet and IP-based networks, including communication systems, Internet software, security, network, and media products. Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 Limited offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Safe-T® Group Ltd.
Safe-T Group Ltd. (Nasdaq, TASE: SFET) is a provider of Zero Trust Access solutions which mitigate attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity. Safe-T’s cloud and on-premises solutions ensure that an organization’s access use cases, whether into the organization or from the organization out to the internet, are secured according to the “validate first, access later” philosophy of Zero Trust. This means that no one is trusted by default from inside or outside the network, and verification is required from everyone trying to gain access to resources on the network or in the cloud.

Safe-T’s wide range of access solutions reduce organizations’ attack surface and improve their ability to defend against modern cyberthreats. As an additional layer of security, our integrated business-grade global proxy solution cloud service enables smooth and efficient traffic flow, interruption-free service, unlimited concurrent connections, instant scaling and simple integration with our services.

With Safe-T’s patented reverse-access technology and proprietary routing technology, organizations of all size and type can secure their data, services and networks against internal and external threats.