News
Sophos Partners with Cowbell
March 2023 by Marc Jacob
Sophos announced that it has partnered with Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) in the U.S. The partnership provides businesses with an easy way to access cyber insurance and will allow Sophos customers to directly share their security health information with Cowbell to better facilitate optimal premium quotes and policies.
In addition to the connector between Sophos Central and Cowbell, which will be generally available in April, Sophos will facilitate access to Cowbell insurance through the Sophos Marketplace. Plus, companies can now explore Sophos Managed Detection and Response (MDR) via the Cowbell Marketplace, providing easy access to the world’s most trusted MDR service that currently protects more than 15,000 organizations.
Sophos research indicates that cyber insurance is a key factor when it comes to shoring up security, with 64% of U.S. organizations reporting that they implemented new technologies and/or services to improve their insurance position in the last year, and 57% increased staff training. However, as attacks continue to increase in complexity, 95% 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 that they needed a higher level of cybersecurity to qualify for coverage, while 44% said policies are now more complex, and 37% have found that fewer insurance providers are offering them coverage.
