Cloud On Demand, local cloud vendor and hybrid cloud enablement partner, is pleased to announce the launch of CyberEdge, the latest in cyber liability insurance for its cloud partners and resellers.
CyberEdge is designed to assist Cloud On Demand’s partners better limit their own, and their client’s, risk from cyber exposures. The CyberEdge policy has been designed and underwritten for the company by a leading international financial services provider with the cloud in mind, and is being provided through its partner authorised financial services provider, Channel Risk Management.
Policyholders will immediately be able to reap the benefits of a level of protection against the impact of cyber breaches, from the aforementioned exposures.
“Businesses are transacting in the cloud, sometimes whether they know it or not, so it’s time to take off the blinkers and start ensuring that this aspect of your business is as well insured as all other on-premise parts of your business,” states Jonathan Kropf, CEO at Cloud On Demand. “CyberEdge is designed to provide protection, assistance when things go wrong, as well as protection against financial consequences and the all-important reputational damage.”
A CyberEdge policy can be tailored to your express business needs and includes myriad insurance products that offer cover for personal data liability, corporate data liability, data protection for outsourcing, data security and defence costs. A host of value-added services immediately become available to policy holders, which extend to data administrative investigation, fines, notification monitoring and costs as well as assistance with the costs related to repairing reputational damage caused by breaches, to name a few.
Through the inclusion of data crisis response services, CyberEdge customers can also tap into dedicated hotlines to legal and public relations experts as well as a host of additional data, IT and subject matter experts, resources and services, designed to help mitigate as well as manage potential risks.
Kropf warns however that the policy is designed to assist in the event of a breach; it is still the responsibility of all companies to put measures in place to prevent and thwart the potential of these breaches. He says that this means that business must by all accounts still approach all IT and data security as holistic and where appropriate partner with security professionals to ensure that all aspects of security in a business are taken care of.
“It is important to remember that any company that collects, manipulates or sends and receives data is at risk of cyber or physical theft. This includes data stored on networks and in a world where data is king and data is often the backbone of a business, not insuring your organisation against its loss, is certainly a risk that companies shouldn’t want to take.
“At Cloud On Demand we want to ensure that every cloud based product sold to a customer by one of our partners is not just secured from a technology aspect, but also from the outside threat of hackers and malicious code. Which is why we believe that CyberEdge is an important and vital value-added service for all of our clients,” ends Kropf.
