Sophos Partners with Cowbell to Provide Cyber Insurance

Sophos, a global leader in innovating and delivering cybersecurity as a service, has partnered with Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) in the United States. The partnership provides businesses with an easy way to access cyber insurance and will allow Sophos customers to share their security health information with Cowbell to facilitate optimal premium quotes and policies.

“Specifically with this partnership, Sophos endpoint customers will be able to ‘opt-in’ to share with Cowbell their endpoint security health status from the Sophos Central platform, using a new data connector. This easy-to-enable connection will streamline Cowbell’s risk assessment process, allowing assessors to efficiently evaluate Sophos customers’ defenses against the requirements needed for insurance policies,” said Raja Patel, senior vice president of products at Sophos.

“Ideally, the best cyber defense is to have proper protection, detection and response security already in place, but some organizations still need guidance on best practices. This partnership will enable Sophos and Cowbell to provide real-time feedback to our customers about how to improve their practices and risk profile, if needed. We’re excited to work with Cowbell to help forge this path for our customers and other SMEs,” Patel added.

In addition to the connector between Sophos Central and Cowbell, which generally will be available in April, Sophos will facilitate access to Cowbell insurance through the Sophos Marketplace. Plus, companies can explore Sophos Managed Detection and Response (MDR) via the Cowbell Marketplace, providing easy access to the MDR service that protects more than 15,000 organizations.

Sophos research indicates that cyber insurance is a factor when it comes to shoring up security, with 64 percent of U.S. organizations reporting they implemented new technologies and/or services to improve their insurance position in the last year, and 57 percent increased staff training.

However, as attacks continue to increase in complexity, 95 percent of U.S. small and mid-sized organizations cited in the research found their experience of securing cyber insurance coverage changed over the last year. Fifty-two percent reported they needed a higher level of cybersecurity to qualify for coverage, while 44 percent said policies are more complex, and 37 percent have found that fewer insurance providers are offering them coverage.

To learn more about the partnership, visit the Sophos blog post, “Sophos Announces Partnership with Cowbell.”