SECURITY NEWS
Pioneer in cyber insurance in Brazil receives US $ 1.5 million funding
Bluecyber . insure , a pioneering insurtech in cyber insurance in
Brazil , has received a US $ 1.5 million investment from VCs Invisto . com . vc and Bossa Invest , as well as strategic investors from the insurance market .
“ This investment reflects the investors ’ confidence in Bluecyber ’ s mission to simplify and expand insurance coverage for digital life protection of SMEs and families throughout Latin America , an underserved market with an estimated gross written premium ( GWP ) of USD 17.3 billion ,” said Eduardo Rocha , CEO of Bluecyber .
The investment has already enabled the acquisition of Ismac . io , which developed an innovative Managed Detection and Response ( MDR ) platform .
“ This solution allows Bluecyber to continuously monitor its insured portfolio , detecting and responding to security incidents swiftly and efficiently , minimising the impact of attacks and delivering more value to the insured , as well as reducing the frequency and severity of claims ,” said Daniel Arruda , Ismac ’ s Founder , who will take over the management of risk and compliance at Bluecyber .
In addition to financial compensation for claims such as data breaches , fines related to local General Data Protection Regulations ( GDPR ), legal fees and digital identity theft , the monthly cyber protection insurance subscription offers a help desk for everyday technological issues , antivirus , vulnerability monitoring , risk management and incident response .
“ We are confident that this new phase will be a watershed in the cyber insurance industry , offering innovative and comprehensive solutions ,” said Bluecyber ’ s Co-founder Claudio Macedo .
Accenture invests in Tenchi Security to help organizations manage supply chain security risks
Accenture has made a strategic investment through Accenture Ventures , in Tenchi Security , a third-party cyber-risk management company .
Accenture will leverage Tenchi ’ s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber-risks across its supply chain .
Based in São Paulo , Brazil , Tenchi Security ’ s SaaS platform gives organizations better visibility into their supply chains risks by continuously monitoring relationships with suppliers . Tenchi ’ s approach provides a holistic view of an organization ’ s cyber-risk profile through a comprehensive risk assessment .
“ Supply chain security attacks are happening all too often when security is not embedded at the core of the business and across suppliers ,” said Paolo Dal Cin , Global Lead of Accenture Security . “ This is particularly concerning when more than half of executives say their organizations have an insufficient understanding of cyber vulnerabilities in their supply chain . To address this issue , Tenchi and Accenture will offer organizations a complete supply chain risk management security solution that will allow them to identify cyber-risks faster and assist in addressing cyberthreats .”
Felipe Boucas , CEO of Tenchi , said : “ With Accenture ’ s deep experience in managed security services , we will help organizations build trust between their business , suppliers and partners , while offering ways to improve upon their cybersecurity and the cyberhygiene of the ecosystem as a whole .”
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