The Smart Cyber Warranty with Active Monitoring Created exclusively for SMBs
Real Problem, Real Impact Risk and premiums continue to rise while coverage decreases REAL PROBLEMS RISING TRENDS Cyber attacks continue to rise 57% increase in overall U.S. cyber attacks in 2022 compared to 2021, an attack occurs every 39 seconds. Low barrier for threat actors Ransomware kit can be bought by bad actors for as little as $40. A costly problem for SMBs 700K attacks against SMBs caused damages of $2.8 billion. Rising costs in cyber insurance 25-100% increase in cyber insurance premiums in 2023 and claim process becoming more difficult. More restrictive coverage Stricter underwriting to lower loss ratio (65.4% in 2021 compared to 35.4% in 2017). Extended claim process AI driven attack has 2x success rate resulted in longer claim process time and lower sublimits. Business interruption is catastrophic to SMBs 75% of SMBs say they would not survive past 3-7 days from a ransomware attack.
Leveraging existing security investment and stop cyber threats before it happens Cyber Warranty & Threat Monitoring Always-on Warranty Instant coverage for Ransomware, Fund Transfer, and Phishing. Digitized claim process provide instant fund access and claim processed in days. Inside out monitoring Leverage existing security investment for instant qualification w/o long questionnaire and 24x7 cyber threats monitoring. Active Loss Prevention Convert risk signals into actionable remediation insights, stop the attack before it happens. Inside-out monitoring Active alerts + remediation Always-on warrenty
What Is A Cyber Warranty? Staying ahead of a situation The Difference Is In The Details Why a Cyber Warranty is a better choice Car Warranty Helps prevent & remediate an accident before it happens. Cyber Insurance Protection if you have an incident in your cyber landscape or if your data is stolen. Cyber Warranty Helps prevent & remediate an incident before it happens. Cyber Insurance 28% of SMBs Denied Coverage 27% of Claims Denied $10,000 Average Deductible 50% Average Price Increase YoY Claims Paid Within Weeks Complex Coverage that’s time consuming Lengthy Security Questionnaires No Immediate Access to Working Funds Only Available Through Insurance Broker No Monitoring for Lapse of Coverage Cork Cyber Warranty 0% of SMBs Denied Coverage 0% of Claims Denied $0 Deductible 0% Price Increase Claims Paid Within Days Easy Coverage Within Minutes No Security Questionnaires Instant Fund Access Upon Claim Available and Managed by Your Trusted MSP Proactive Monitoring to Prevent Lapse of Coverage Car Insurance Protection if you have an accident in your car or if your car is stolen.
Easy To Understand Pricing Coverage is annual unless otherwise noted and are subject to change Protect Pro $14 Per Endpoint Per Month $500,000 annual limit | Minimum of 10 endpoitnts or $140 per month Cyber Risk Monitoring Platform Continuous cyber risk monitoring Active Loss Prevention Annual cyber health checkup Enhanced Benefits Ransom payment Business interruption loss Incident response service Data recovery service Essential Benefits Instant fund access Wire/ACH transfer losses 3x phishing or smishing payment Cyber insurance deductible gap coverage Cyber Insurance Example $399 - $999 Per Month $500,000 annual limit Cyber Risk Monitoring Platform Continuous cyber risk monitoring Active Loss Prevention Annual cyber health checkup Enhanced Benefits Ransom payment Business interruption loss Incident response service Data recovery service Essential Benefits Instant fund access Wire/ACH transfer losses 3x phishing or smishing payment Cyber insurance deductible gap coverage Protect + $6 Per Endpoint Per Month $100,000 annual limit | Minimum of 10 endpoints or $60 per month Cyber Risk Monitoring Platform Continuous cyber risk monitoring Active Loss Prevention Annual cyber health checkup Essential Benefits Instant fund access Wire/ACH transfer losses 1x phishing or smishing payment Cyber insurance deductible gap coverage
Phishing Email Is Opened Employee wasn’t paying attention and reacts to email Malware Steals Information Employees’ credentials are stolen, including the CFO Malware Sneaks In Employee clicks link and downloads the malware Threats Continue to Evolve Attackers continue to innovate tradecraft to unlock new attack vectors Cork Monitors From The Inside Out Cork monitors for changes in an SMB’s security footprint, alerting the MSP to cyber risk before an attack happens MSPs Protects Business from Cyber Threats The MSP is the first line of defense, keeping your business safe with the latest in security technology Ransom Is Demanded To release files, attacker demands payment Attacker Encrypts Files By encrypting them, the business is paralyzed Attacker Hijacks CFO’s Identity And logs into company servers The Trap Of A Cyber Attack Just one example of how a ransomware attack can occur Enhancing Your Security Perimeter Active loss prevention to new cyber risks from IT environment changes Cork Provides Direct Financial Assurance Cork puts our own money on the line by providing financial coverage to help your client recover quickly from an attack Cork Cyber Risk Intelligence Protects Your MSP Cork’s cyber risk intelligence engine is constantly updated with the latest attack patterns and techniques
Settlement timelines assume relevant information is available to Cork at time of claim submission Recover Quickly Get back to what matters faster SMS & Email Phishing/Smishing Ransomware & Wire/ACH Transfer Cyber Insurance Deductible Coverage Notify & Triage Notify & Triage Instant Fund Access Instant Fund Access Examine & Verify Examine & Verify Settlement within 30 days Cyber Insurance Claim Result Settlement within 2 days of insurance payout Notify & Triage Settlement within 2 days
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