Defendify, the all-in-one cybersecurity solution for organizations of all sizes, announced a new offering with the launch of the Defendify Cybersecurity Service Warranty, a financial assistance program designed to increase peace of mind and mitigate the financial damages of cyberattacks. The program is included in the Defendify All-In-One Cybersecurity package, which comprises 13 individual modules to protect organizations from evolving cyber threats.
The potential financial damages an organization can incur as a result of a cyberattack are extensive and are increasing in scale. According to IBM’s Cost of a Data Breach Report 2022, the cost of a data breach reached an all-time high in 2022, averaging USD $4.35 million – a 2.6% increase from last year, when the average cost of a breach was USD $4.24 million. The Defendify Cybersecurity Service Warranty features up to $1,000,000 in financial assistance for qualified cyber events such as ransomware, business email compromise, compliance violations, cyber legal liability, or business income loss resulting from a security breach.
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“With cybersecurity breaches and attacks continuing to challenge organizations, everyone can benefit from continued cybersecurity improvements and layered protection.” said Rob Simopoulos, Co-Founder at Defendify. “As part of our unique all-in-one cybersecurity solution, we are excited to further assist our customers with a cybersecurity service warranty which provides significant financial assistance, up to $1 million, in the event of eligible cyber incidents.”
Unlike cyber insurance, the Defendify Cybersecurity Service Warranty requires no application, underwriting, premium, or claims adjustment. The Defendify Cybersecurity Service Warranty can be activated as soon as the first day of onboarding, providing customers with even greater peace of mind that they will receive financial support should an event occur.
Learn more about the Defendify Cybersecurity Service Warranty here.
Defendify’s all-in-one solution protects and defends with multiple layers of cybersecurity to help organizations streamline and strengthen cybersecurity protection across people, process, and technology. To find out more about Defendify’s all-in-one cybersecurity solution, or to request a demo with a cybersecurity program advisor