Strategic Partnership Announced
Antigen Security, LLC, has formed a powerful alliance with Orca Security, a leader in Cloud-Native Application Protection. This collaboration aims to provide remarkable savings on cyber-insurance premiums, potentially reducing them by an impressive 20 to 60 percent. Organizations utilizing Orca's cutting-edge cloud-risk visibility as part of their security strategy can greatly benefit from this initiative.
Key Features of the Partnership
Significant Premium Reductions
The core component of this partnership is Antigen’s Actuarial Cyber Intelligence Program (ACIP). This program connects real-world insurance claim results with the security measures companies employ. Studies indicate that organizations using Orca’s technology experience fewer and less severe incidents, prompting insurers to reward them with lower premiums. This cooperation not only enhances security but also results in substantial cost savings.
Broader Coverage and Reduced Costs
Organizations integrating Orca’s platform into their cloud operations across services like AWS, Azure, and Google Cloud can unlock potential savings. Additionally, the collaboration emphasizes risk management aligned with compliance standards, thereby creating a resilient security posture.
Proactive Security Management
By adopting a standard-aligned risk management approach, companies can establish a robust security framework that meets the necessary regulations while optimizing insurance benefits. The partnership illustrates a commitment to delivering resilience while ensuring compliance with industry standards.
Professional Insights
According to Steven Legg, Co-Founder and CEO of Antigen Security, "Orca’s agentless platform offers unparalleled cloud visibility and threat containment. By identifying and resolving cloud risks before they escalate, we empower insurers to offer significant premium reductions." This functionality sets Orca apart in the cybersecurity landscape, enhancing both security and financial health for users.
Arie Teter, Chief Product Officer of Orca Security, further elaborates on the advantages of this partnership: "Working with Antigen transforms our security outcomes into immediate financial benefits for our customers. With fewer incidents and reduced recovery times, organizations stand to gain from improved insurance rates, making this collaboration invaluable for cloud-focused businesses." This perspective highlights the approach of turning cybersecurity measures into financial assets.
What Does This Mean for Businesses?
The union of Antigen Security and Orca Security stands to redefine how organizations perceive their cybersecurity framework in relation to insurance. By leveraging Orca’s advanced security capabilities, businesses not only enhance their defensive strategies but also significantly lower insurance costs, turning a potential burden into an advantage.
About Antigen Security
Antigen Security specializes in technology services that enhance the underwriting and claims processes associated with cyber liability insurance. The company collaborates with a diverse range of partners, including MSPs, SaaS providers, and insurance firms, to provide innovative cyber risk management solutions. Their focus on reducing risks and fulfilling compliance obligations is critical to protecting organizations' most sensitive data.
About Orca Security
Orca Security simplifies cloud security, allowing organizations to bolster their cybersecurity infrastructure effortlessly. As a comprehensive platform, it offers extensive visibility across multiple cloud environments, helping to mitigate risks effectively. Supported by significant investment, Orca is a trusted partner for numerous prominent organizations, demonstrating their commitment to delivering exceptional security solutions.
Media Contact Information
For further inquiries regarding the partnership or services offered, companies are encouraged to reach out directly. Antigen Security maintains a proactive approach in assisting businesses with cyber risk management needs.
Frequently Asked Questions
1. How can organizations benefit from this partnership?
The partnership allows organizations to achieve significant savings on their cyber-insurance premiums, potentially reducing them by up to 60%.
2. What is Actuarial Cyber Intelligence Program (ACIP)?
ACIP is a program by Antigen that links insurance claim outcomes with security practices, helping reduce misconfigurations and risks.
3. Which cloud platforms does Orca support?
Orca supports leading cloud platforms such as AWS, Azure, and Google Cloud.
4. How does the partnership align with industry regulations?
The partnership ensures that Orca's risk management controls are aligned with standards like NIST, CIS, and ISO 27001, fulfilling compliance necessities.
5. Where can organizations learn more about Antigen and Orca?
Organizations can visit Antigen’s website to explore services and the partnership’s offerings further.
