Cowbell, Provider of Cyber Insurance to SMEs, Launches Cybersecurity Advisory Board

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), recently announced the launch of its Cybersecurity Advisory Board (CSAB).

Expertise on the CSAB “includes CISOs, cybersecurity visionaries, former military officers, writers, public speakers, and attorneys.” The creation of the board accelerates Cowbell’s mission “to strengthen cyber resilience in the SME market through cross-industry innovation between cyber insurance and cybersecurity.”

Prab Reddy, SVP of Information Security and Threat Intelligence at Cowbell, said:

“The Cybersecurity Advisory Board will be instrumental in our ability to drive cyber insurance innovation. Every day, through interactions with our insureds, we see firsthand opportunities for direct collaboration between security staff, risk managers and business executives. I’m thrilled to welcome our newly formed Cybersecurity Advisory Board, a group of cyber experts who are committed to helping us improve SMEs’ cyber resilience through collaboration.”

Members of the advisory board include:

  • Kurt Sanger, Lieutenant Colonel, U.S. Marine Corps (Ret.) and former Deputy General Counsel for U.S. Cyber Command
  • Sunil Badlani, Cyber Security Risk Officer, BNY Mellon Investment Management
    Eric Slesinger, Principal & Head of Investments at Mundi Ventures, Cybersecurity Expert
  • David Tsao, CISO, Instacart
  • Srinivas Mukkamala, Chief Product Officer at Ivanti, founder and CEO of RiskSense, 2022 CyberScoop 50 Cybersecurity Visionary winner
  • Jeff Brown, CISO of Connecticut State, writer and speaker

Cowbell welcomes input “from the broader cybersecurity ecosystem to advise future steps and guidance around cyber insurance and cybersecurity topics that impact SMEs.”

Members of the board will “provide input on Cowbell’s cyber insurance programs, trends in cybersecurity, and new threat developments that impact SMEs.”

They will also “offer their expertise on how to best engage policyholders, both business and security contacts, on preparedness for cyber insurance and cybersecurity.” The board “will meet monthly on virtual meetings with potential quarterly in-person meetings.”

Kurt Sanger, former Deputy General Counsel for U.S. Cyber Command and member of CSAB, remarked:

“Cowbell is at the forefront of the cyber insurance evolution. By providing tailored and extensive cyber risk management services bundled with every policy, Cowbell is making a difference in preparedness and recovery efforts for every insured SME. I’m delighted to join as an advisor and help the Cowbell team continue to develop cyber solutions that improve cybersecurity practices at scale.”

The CSAB is a significant milestone “to support Cowbell’s expansion into new markets.” With the addition of its new council, Cowbell will “continue to thrive as a cross-industry innovator, building solutions at the intersection of insurance and cybersecurity.”

The establishment of the CSAB “follows a slew of recent strategic initiatives at Cowbell.”

Most recently, Cowbell announced Adaptive Cyber Insurance, “which transforms cyber coverage from a static offering to a dynamic one, adaptable to today’s and tomorrow’s threats.”

Policies can now “evolve more frequently than yearly to remain aligned with the policyholder’s cyber exposure, avoid coverage gaps and bring full transparency to renewal terms throughout the policy period.”

As noted in the update, Cowbell claims it is “a pioneer of Adaptive Cyber Insurance, a leader in providing small and medium-sized enterprises (SMEs) coverage adaptable to today’s and tomorrow’s threats and the advanced warning of cyber risk exposures.”

In its unique AI-based approach to risk selection and pricing, Cowbell’s continuous underwriting platform, “powered by Cowbell Factors, compresses the insurance process from submission to issue in less than 5 minutes.”

Cowbell is “backed by 15+ A.M. Best A- or higher rated (re)insurance partners and serves SMEs in 50 U.S. states and the District of Columbia.”

Founded in 2019, Cowbell is “based in the San Francisco Bay Area with employees across the U.S., Canada, and the U.K.”

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