Secureworks: Strengthening Partnerships in the Cyber Insurance Market

As the threat landscape continues to evolve, Secureworks® has successfully developed strategic relationships with leading cyber insurance providers worldwide because of our expertise in cybersecurity and world-class incident response team. Over the last fiscal year, these partnerships have led to a 100% quarter-over-quarter increase in engagements referred by our partners, reinforcing our position as a trusted provider among cyber risk organizations.

Today, we are delighted to share details around our fruitful collaborations with the following cyber risk partners that help enable their customers to swiftly access the expertise required to remediate a breach, at a time when they need it most.

AXA XL US – We are a new IR panel member of the third-largest cyber insurer in the U.S., with a robust response capability to provide value in a time of greatest need.

AXA XL Australia – As the sole cybersecurity provider for pre-incident services, we are helping mitigate risk to minimize the frequency and severity of claims.

Marsh – We have several services listed in the Cyber Network Directory, published by the largest insurance brokerage in the world.

INSUREtrust – Our services in the Cyber Secure Platform provide their clients access to Secureworks services at discounted rates.

Brown & Brown – Secureworks is a preferred provider for the CyberSelect™ Policy, helping to minimize risk for large enterprise policyholders.

Privacy Rules – As the sole provider of incident response and XDR services to their global network of 60 privacy law firms, Secureworks ensures a consistently high standard for cybersecurity services.

Why Do Global Insurers Partner With Secureworks?

The answer lies in our ability to understand and manage cyber risk, which ultimately lowers risk for insureds and costs for insurers, creating a win for all involved. Secureworks Taegis™ XDR expands the capability of endpoint detection and response (EDR) — now a requirement to qualify for a cyber policy with some insurers — by correlating endpoint telemetry with infrastructure, cloud, identity, and other sources, resulting in a holistic view for security analysts.

In the current era of escalating cyberattacks, our 2023 State of the Threat Report reveals that ransomware continues to be a significant cyber risk for businesses. Our Counter Threat Unit™ forecasts 2023 to have the highest number of ransomware incidents. The traumatic aftermath of ransomware and other cyberattacks such as Business Email Compromise (BEC) have nudged several enterprises to seek cyber insurance. However, it's essential to understand that insurance policies are not an all-encompassing safety net for such incidents. Insurance carriers expect organizations to be proactive, deliberate, and strategic in their cybersecurity investments and measures.

Looking forward to 2024, as the dynamics of the insurance industry continue to evolve, the focus will not be merely on cybersecurity investments but on organizations taking a proactive role in managing their cyber risk. Stay tuned for more cyber insurance insights and developments.

If you would like to learn more, visit our Partner Program.