In a strategic move to bolster cybersecurity practices for its global cyber insurance clients, Bermuda-based Axa XL has announced a partnership with Darkweb IQ, a renowned cybercrime prevention firm based in New York. This collaboration aims to provide comprehensive solutions to enhance digital asset protection and combat cyber threats effectively.
Darkweb IQ specializes in offensive cybercrime prevention, focusing on shielding companies from ransomware attacks, data theft, and third-party risks. By working closely with law enforcement and the cyber insurance industry, Darkweb IQ gains exclusive insights into cybercriminal supply chains, allowing them to intercept impending ransomware attacks proactively.
Tim Smit, the global head of cyber-risk strategies and partnership programmes at Axa XL, expressed enthusiasm about the partnership, stating that teaming up with cybersecurity experts like Darkweb IQ enables them to offer robust solutions to clients. These solutions are designed to safeguard digital assets, data, and operations from potential cyberattacks and data breaches.
Smit highlighted the importance of having access to cyber experts like Darkweb IQ in the ongoing fight against ransomware. He emphasized the effectiveness of Darkweb IQ’s ransomware detection and response solution in preventing data theft or encryption during cyber attacks. Additionally, Darkweb IQ’s supply chain security-plus service adds an extra layer of defense against disruptions and data theft arising from attacks on critical third-party vendors and suppliers.
The expertise provided by Darkweb IQ is viewed as essential in fortifying defenses and mitigating risks posed by cyber threats, according to Smit. Axa XL offers a range of cyber insurance products and services aimed at helping businesses protect themselves from potential cyber threats. These offerings include coverage for investigating and managing cyber events, financial protection against liabilities, and risk management services to strengthen cybersecurity measures.
By joining forces with Darkweb IQ, Axa XL seeks to stay at the forefront of cybersecurity innovation and provide cutting-edge solutions to its global cyber insurance clients. The collaboration reflects a proactive approach to addressing the evolving landscape of cyber threats and ensuring that businesses are well-equipped to defend against cyberattacks effectively.
Overall, the partnership between Axa XL and Darkweb IQ represents a significant step towards enhancing cybersecurity practices and bolstering defenses against cyber threats for businesses worldwide. With the combined expertise of these two entities, clients can expect comprehensive and effective solutions to safeguard their digital assets and mitigate cyber risks effectively in an increasingly digital age.