Understanding Your Cyber Security Warranty: What’s Covered?

Technology has evolved as an integral part of our daily lives, and the necessity of cybersecurity cannot be overstated. With the exponentially increasing sophistication of cyber threats, organizations of all sizes are at risk of ransomware attacks, data leakages, and other malicious activities. To mitigate these risks, a comprehensive cyber security strategy is essential. One practical solution that is gaining traction is the cyber security warranty.

For small and medium-sized businesses (SMBs), handling the complex landscape of cyber insurance can be daunting, with high costs, stringent qualifications, and frequent claim rejections. However, cyber security warranties offer a compelling alternative.

Unlike traditional insurance, cyber warranties provide customized financial protection with rapid cash payouts, ensuring immediate business continuity after a cyber attack.

Asgard’s cyber warranty services exemplify this innovative approach. Focusing on prompt financial support and tailored coverage, we help businesses navigate the complex landscape of cyber threats with confidence and resilience. But what exactly does this warranty cover? Let’s delve into the specifics.

Coverage Provided by Cyber Warranty Services

Data Breach Response Costs

Your data is your business’s lifeblood. Protecting it in the unfortunate event of a cyber attack is paramount. That is why our cyber security warranty services are tailored to ensure your business can recover swiftly from a data breach.

Cloud backup services like N-Able’s Cove can also get financial protection for business continuity. If your data becomes unavailable, this warranty provides a cash payout to help cover recovery costs. This allows you to focus on getting your operations back up and running without added financial stress.

Cyber Extortion and Ransomware

Ransomware attacks can severely impact businesses by demanding immediate financial payments that strain cash flows. Asgard’s ransomware warranty provides a solution that seamlessly integrates with your Endpoint Detection and Response (EDR) system. This enables the fastest claims approvals in the industry. Upon incident validation, payments are made to your account overnight, ensuring you have the necessary funds to address the situation and maintain business continuity promptly.

Consider the Colonial Pipeline ransomware attack in 2021, which led to fuel shortages and a $4.4 million ransom payment, highlighting the severe impact such attacks can have.

Proactive Measures

An often overlooked but vital aspect of cyber warranty services is the inclusion of proactive measures. These services aim to prevent cyber incidents before they occur. Proactive measures can include regular security assessments, vulnerability scanning, employee training, and implementation of advanced security technologies. Organizations can significantly lessen the likelihood of a successful cyber attack by addressing potential vulnerabilities early.

Why Choose Asgard Managed Services’ Cyber Security Warranty?

Expertise and Experience

Asgard Managed Services stands out as a leading provider of cyber security warranties, backed by extensive expertise and experience in the field. Our team of professionals is well-informed in the latest cyber threats and defense strategies, ensuring that clients receive top-notch protection and guidance. With us, you can trust that your organization’s cyber security is in capable hands.

Customization Options

Acknowledging that every business has distinct needs, we provide customizable cyber warranty solutions. Clients can personalize their warranties to tackle particular risks and requirements, guaranteeing comprehensive coverage that aligns with their business operations. This adaptability enables businesses to secure a warranty that fits their needs, offering peace of mind and optimal protection.

Dedicated Support

In a cyber incident, having dedicated support can make all the difference. Therefore, we prioritize providing 24/7 support to help you navigate the recovery process, from incident validation to claim approval and payout. This commitment to customer service ensures that you are never alone in the face of a cyber threat.

Conclusion

As cyber threats grow and present increasingly significant risks, the need for innovative and effective solutions becomes more crucial. Cyber security warranties offer a practical and proactive way to manage these risks, granting businesses the financial protection and support necessary to recover from cyber incidents swiftly.

This rapid financial support is crucial, given that the average ransom payment has soared to $2 million in 2024, a five-fold increase from the previous year.

Investing with a cyber warranty service provider is not just about mitigating risks; it’s about ensuring business continuity and keeping trust with customers and stakeholders.

Also Read: How Can Small Businesses Benefit from Cyber Security Warranties?