Cysurance and ZirrusOne Announce Partnership to Address Communications Service Provider Cyber Risks

 
Cysurance
Cysurance
NEW YORK - Dec. 12, 2024 - PRLog -- Cysurance and ZirrusOne have announced a strategic collaboration to tackle the complex cybersecurity and insurability challenges faced by communications service providers (CSPs), including cable operators, ISPs, and entertainment providers. The partnership combines Cysurance's expertise in cyber insurance solutions with ZirrusOne's advanced managed security services, offering an integrated approach to risk management.

"This collaboration tackles some of the most persistent challenges in the CSP sector," said Kirsten Bay, CEO of Cysurance. "By combining security and insurance, we're helping providers navigate a high-risk environment with more clarity and confidence."

Nathan Vineyard, Chief Technologist at ZirrusOne, noted the practical implications for CSPs. "Small and midsized CSPs often don't have the internal resources to address all vulnerabilities. Our joint approach ensures they have access to both the tools and financial protections needed to manage and recover from incidents effectively," he said.

The partnership between Cysurance and ZirrusOne represents a broader shift toward integrating cybersecurity and insurance solutions for sectors with complex risk profiles. Together, the two organizations are creating a model that enhances security, reduces claims denial rates, and supports CSPs in maintaining operations and customer trust, even in the face of growing cyber threats.

The Risk Management Challenge for CSPs

CSPs operate in a high-risk environment characterized by expansive networks, interconnected systems, and persistent cyber threats. These factors not only increase their exposure to attacks but also complicate their ability to secure meaningful cyber insurance. The collaboration between Cysurance and ZirrusOne addresses both challenges by merging robust security measures with innovative insurance solutions.

ZirrusOne brings a comprehensive suite of security services designed to address the vulnerabilities specific to CSPs. Their approach includes real-time threat detection and incident response capabilities, tailored to the complex infrastructures of CSPs. In addition, ZirrusOne provides critical support in network segmentation, patch management, and recovery planning, helping providers reduce their risk and respond effectively to incidents. For organizations with limited resources, their virtual chief information security officer (CISO) consulting services offer expert guidance on improving security practices without requiring significant internal investments.

Cysurance complements these efforts by certifying ZirrusOne's security solutions, ensuring they meet stringent insurance standards. This certification allows CSPs to demonstrate compliance with insurer requirements, streamlining the often-complicated process of obtaining cyber insurance. Additionally, Cysurance provides a warranty to cover specific incidents, such as ransomware or business email compromise, offering financial support for recovery efforts while traditional insurance claims are processed.

By integrating these security and insurance elements, the partnership provides a seamless path for CSPs to manage risks and recover quickly from cyber incidents. The collaboration also addresses the financial uncertainties many CSPs face, particularly smaller and midsized providers with limited budgets and staffing.

To learn more visit Cysucance at www.cysuance.com and ZirrusOne at www.zirrusone.com.

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Tags:Cyber Insurance
Industry:Technology
Location:New York City - New York - United States
Subject:Joint Ventures
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