CyberCatch’s Compliance Manager Solution enables easy compliance and serves as a powerful risk mitigation tool to help streamline the procurement of cyber insurance.
VANCOUVER, BC and TORONTO, Oga. 10, 2022 /PRNewswire/ — CyberCatchtoday announced together with Ridge Canada Cyber Solutions Inc. (“RCCS”), a strategic partnership, to help Canadian SMOs find a simple, yet smart way to get online insurance. There are about 1.2 million SMOs in it Canada and many do not have Cyber insurance these days or those who have problems renovating because of the amount of risk Cyber has brought to these days and the risk of transfer affects the insurance providers because of the lack of necessary controls.
To reduce cyber risk, CAN/CIOSC 104, Canada National Standard for Baseline Cyber Security Controls for SMOs describes setting up to 55 Internet security controls. It was published by the CIO Strategy Council of Canada with the support of the Canadian Ministry of Innovation, Science and Technology (ISED). Earlier this year, the CIO Strategy Council selected CyberCatch’s Compliance Manager Solution, the most advanced cybersecurity SaaS solution for SMOs to. Canada quickly and easily comply with CAN/CIOSC 104 and stay safe from cyber threats.
With the partnership with RCCS, Canadian SMOs now receive a discount to sign up for the Compliance Manager Solution and easily implement all online security controls. The solution will automatically and continuously test cyber security controls to ensure continuous compliance and reduce cyber risk. This will help reduce cyber risk and facilitate SMOs obtaining cyber insurance or renewing existing coverage. In fact, one of the cyber security mandates listed in CAN/CIOSC 104 is obtaining and maintaining cyber insurance.
“SMO in Canada are at risk and the level of Cyber threats are increasing. CyberCatch’s Risk Report for Small and Medium Enterprises (SMBVR) which covered 12,050 SMOs revealed that almost 8 out of 10 SMOs in Canada they have vulnerabilities that can easily be exploited by attackers,” said Sai Huda, founder, chairman and CEO of CyberCatch. “SMOs have limited resources and don’t know what to expect from cyber security or how to use them to protect against cyber attacks. Cyber Threats, Compliance Manager Solution and SMO’s point of sale. We are excited to partner with RCCS to provide a simple yet smart way to mitigate cyber risk for SMOs and insurers,” continued Huda.
“This agreement enables us to support our partners and customers who are still in the process of assessing and improving risk management strategies,” he said. Greg MarkellCEO, Ridge Canada. “Recognizing that many of the documentation requirements are aligned with CAN/CIOSC 104, it will provide guidance for many organizations where to start, and our business partners can provide a solution where the market perception is that the customer is not ready to transfer the cyber risk and existing data. We are pleased to partner with CyberCatch and provide a cost-effective and efficient way to reduce cyber risk at a low cost, which supports compliance and compliance with Canada’s national security standards,” continued Markell.
Ridge Canada Cyber Solutions Inc.
Ridge Canada Cyber Solutions Inc. (RCCS) is Canada’s leading managing general insurance agency created to provide specialized insurance products to Canadian insurers and brokers. RCCS was founded by the Honorable Tom Ridge, former US Secretary of Homeland Security. RCCS works through insurance brokers to help insurance buyers understand, evaluate, and protect specific insurance policies such as cyber insurance. Organizations of all shapes and sizes are forced to manage new threats that are constantly changing and not going away anytime soon. We focus on unique risk management so that our clients and our broker partners are not exposed to risk alone. We manage this insurance to ensure that you are protected in the event of a catastrophic (but not unusual) claim or event. For more information, visit website.
CyberCatch is a specialized cybersecurity Software-as-a-Service (SaaS) company that protects small and medium-sized businesses (SMBs) from cyberattacks by targeting the root cause of SMBs’ downfall: security holes. It offers a cloud-based SaaS platform and in-depth subject matter expertise to help SMBs implement the right quality and level of control over cyber security. The platform creates control automation experiments from three dimensions: outside-in, inside-out and group engineering. It creates a Cyber Breach Score to continuously measure cyber risks, find security holes and guide SMBs to fix them quickly, so that attackers do not use any missing or broken controls to break in and steal data or transmit ransom. CyberCatch’s continuing theory: An examination. Fix it. Safe. For more information, visit website.