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Specialist commercial insurer CNA Hardy, re/insurance broker THB, and cybersecurity specialist Waterfall Security Solutions have entered into a partnership to provide a new cyber security protection package for industrial businesses globally.
The package is distributed exclusively through THB and includes CNA Hardy’s cyber technology and cyber insurance cover.
According to the companies, the traditional cybersecurity solutions, such as firewalls and intrusion detection solutions, are failing to provide sufficient protection for industrial control systems. In recent years manufacturing systems and industrial facilities have been impaired due to increased cyber-attacks, which have caused disruption to production, damaged equipment and compromised safety.
"We are excited to offer this comprehensive protection at such favourable terms," said Roddy Graham, head of THB’s professional and financial risks division said. "Working with Waterfall Security means we have long-term confidence about the security of our clients. Following a pilot phase and several months of introducing the concept to our clients, the feedback has been extremely positive."
Rhonda Buege, head of healthcare and technology at CNA Hardy, said: "We are delighted to be partnering with Waterfall and THB. Creating innovative, bespoke solutions for our customers is at the heart of what we do, offering more to our customers, building stronger, deeper relationships as we continue to build-out our proposition in new markets."
Lior Frenkel, CEO and co-founder of Waterfall Security, added: "Seeing the global leading insurance players put their trust in the cyber security of Waterfall Security technology to this extent is very gratifying. This global precedent sends an exceptionally loud and strong message that Waterfall’s solutions represent the best line of defence against online remote cyberattacks."
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CNA Hardy, THB, Waterfall Security Solutions, Cyber security, Insurance, London, UK