CFC, a UK-based specialist insurance provider and pioneer in emerging risk, has expanded its in-house cyber incident response capabilities with the acquisition of Solis Security, an incident response provider headquartered in Austin, Texas.
CFC said its in-house cyber claims and incident response teams have handled nearly 1,500 cyber claims this year alone. With the addition of Solis Security, the company expects to deepen its bench of highly skilled in-house technical experts who form the frontline response to any client cyber event whether a data breach, malicious cyberattack or system outage.
CFC has 20 years’ experience in cyber insurance. Its cyber insurance products are utilized by over 40,000 businesses in more than 60 countries. CFC’s in-house cyber claims and incident response team is tightly aligned with the company’s cyber underwriting team.
Source: CFC
Topics Mergers & Acquisitions Cyber
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
