SecurityScorecard Delivers Market-First Security Ratings Score Guarantee
March 2023 by Marc Jacob
SecurityScorecard, the global security ratings specialize announced Score Guarantee, the industry’s first services-backed security ratings guarantee. Score Guarantee demonstrates the direct correlation between SecurityScorecard’s cybersecurity ratings and security efficacy, by providing customers that maintain an ‘A’ rating and meet other minimal requirements, with complimentary Digital Forensics and Incident Response (DFIR) services in the event of a breach.
The dramatic increase in ransomware attacks led to record high loss ratios of 67% for insurance carriers. Insurers responded by reducing available coverage leaving customers to pay out-of-pocket costs for cyber incident damages, either through insurance retentions, deductibles, or co-insurance. SecurityScorecard’s Score Guarantee offsets the retention or deductible costs not covered by insurance, complementing an organization’s cyber insurance coverage by offering aid with one of the industry’s leading DFIR and third-party risk management consulting teams
SecurityScorecard research shows organizations that receive an ‘A’ rating are 7.7x less likely to suffer a cyber incident than F-rated organizations. By registering for the guarantee, customers that achieve and maintain an A grade on SecurityScorecard’s ratings platform can trust that their organization’s cyber resilience will be significantly enhanced.