Company Quickly Established Success with its Innovative Cyber Insurance Offering
PLEASANTON, Calif. – August 11, 2020 – Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), today announced that it has been named a Top 100 Cybersecurity Startup for 2020 by Cyber Defense Magazine.
Cowbell stood out to make this top 100 list over 3,200 global cybersecurity companies with nearly 30% in the startup range having been incorporated within the last 36 months or releasing their first round of innovative cybersecurity products and services.
“We’re pleased to name Cowbell Cyber as a winner among the Top 100 Cybersecurity Startups for 2020 in our second annual Black Unicorn awards. This award showcases the company’s incredible potential in the cybersecurity marketplace,” said Judges Robert R. Ackerman Jr. of www.allegiscyber.com, David DeWalt of www.nightdragon.com and Gary Miliefsky of www.cyberdefensemediagroup.com.
“We’re honored to be listed among the Top 100 Cybersecurity Startups for 2020. Cyber incidents are a ‘when’ not ‘if’ phenomenon now and cyber insurance has become a necessity, not a luxury,” said Isabelle Dumont, VP of Market Engagement at Cowbell Cyber. “This prestigious award reflects our team’s diligence in not only creating comprehensive cyber insurance offerings for small-to-medium sized businesses, but demystifying and automating a traditionally complex and paper-burdened process.”
Cowbell’s AI-powered platform compiles Cowbell Factors™ continuously for every organization, assessing its cyber risk in real-time across network security, cloud, endpoints, dark web, compliance and more. Cowbell Factors are used to anchor the underwriting process, mapping coverages to identify threats and risk exposures. Within a 5 minute process, agents can issue a cyber policy customized to the unique needs of each customer Cowbell launched its flagship standalone, admitted cyber insurance product, Cowbell Prime, in January of 2020 and added social engineering coverage in April. Additionally, the company offers non-policyholders free access to Cowbell Factors on its platform, with the goal to help all businesses become more cyber resilient.
About Cowbell Cyber
Cowbell Cyber maps insurable threats and risk exposures using artificial intelligence to determine the probability of threats and impact on coverage types. In its unique approach to risk selection and pricing, Cowbell’s continuous underwriting platform, powered by Cowbell Factors™, compresses the insurance process from submission to issue to less than 5 minutes. Cowbell Insurance Agency is currently licensed in 30 U.S. states and provides SMBs with admitted cyber insurance on AM Best “A” rated paper with up to $5 Million in coverage. For more information, please visit www.cowbell.insure
About Cyber Defense Awards
This is Cyber Defense Magazine’s 8th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2020 on our Cyber Defense Awards platform. In this competition, judges for these prestigious awards includes cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Robert R. Ackerman Jr. of Allegis Cyber and David DeWalt of NightDragon with much appreciation to emeritus judge Robert Herjavec of Herjavec Group. To see the complete list of Top 100 Cybersecurity Startups for 2020 please visit https://cyberdefenseawards.com/top-100-cybersecurity-startups-for-2020/
About Cyber Defense Magazine
Cyber Defense Magazine was founded in 2012 by Gary S. Miliefsky, globally recognized cyber security thought leader, inventor and entrepreneur and continues to be the premier source of IT Security information. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry. We deliver electronic magazines every month online for free, and limited print editions exclusively for the RSA, BlackHat and IPEXPO conferences and our limited edition paid reprint subscribers. Learn more about us at http://www.cyberdefensemagazine.com. Cyber Defense Magazine is a proud member of the Cyber Defense Media Group.
Lumina Communications for Cowbell Cyber