UNIQUE RISK PROFILING SYSTEM OPENS DOOR TO CYBER INSURANCE FOR PREVIOUSLY UNINSURED BUSINESSES

SPENCERTOWN, N.Y., Wednesday January 22nd, 2024 – Motor dealerships face escalating cybersecurity threats, posing substantial risks to their operational integrity, financial stability, and customer trust. Recognizing the importance of cyber insurance within their risk management strategy, the dealership we worked with were seeking to fortify their cyber resilience, despite facing rigorous terms due to the high-risk nature of the motor trade industry.

The dealership, guided by Andrew Watson of Cairn Corporate Limited, the insurance broker, partnered with Infoprotect, were committed to improving their cyber security posture and securing better insurance cover and premiums. Through the partnership with Infoprotect they underwent a cyber risk assessment leveraging FortMesa's cutting-edge platform.

Thanks to FortMesa’s platform, built to simplify cybersecurity service delivery, the team at Cairn Corporate Limited, along with Infoprotect, presented an evidence-based risk profile to potential cyber insurers. This enabled accurate risk posture evaluation and resulted in comprehensive coverage and competitive premiums. The insurers acknowledged the meticulous approach, leading to an unprecedented 60% reduction in premiums while doubling coverage.

“This proactive cyber risk assessment not only secured comprehensive coverage but also bolstered the dealership's cybersecurity posture, ensured regulatory compliance, and reinforced customer trust”, said Mathew Fisch, CEO of FortMesa. 

This case study underscores the collaborative efforts of the broker, Infoprotect, and FortMesa’s technology to demonstrate the potential for improved cyber risk assessment and pricing, benefiting brokers, insurers and customers.

Infoprotect, an innovative risk management consultancy, along with FortMesa, a security enablement toolset for service providers to initiate cyber roadmaps and maintain continuous compliance, transform the cyber risk assessment landscape for insurance placement. 

A collaboration between Cairn Corporate Limited, a UK motor dealership, and cybersecurity experts at Infoprotect showcased how the proactive use of tools can aid in approaching cyber risk assessment.

Check out the case study about how this successful partnership revolutionized insurance procurement for businesses that were previously unable to secure coverage.

About Infoprotect:

Infoprotect is a leading cybersecurity consultancy specializing in comprehensive risk management solutions. With a focus on tailored cyber risk assessments, Infoprotect empowers businesses to navigate evolving cyber threats and secure optimal insurance coverage.

About FortMesa:

FortMesa, a channel-only solution, is built to simplify cybersecurity service delivery and empower service providers.

FortMesa’s software has enabled service providers all over the world to own their customer's cybersecurity roadmap by making service delivery, evidencing, and planning easy.

Key people:

Matthew Fisch, CISSP

Founder/CEO

FortMesa, Inc.

mfisch@fortmesa.com

+1 518 444 4181

Brad Fraser

CEO

Infoprotect

brad.fraser@infoprotect.co.uk

07940 106 158