Digital insurance company At-Bay has announced a collaboration with Microsoft to strengthen the cyber security posture of their customers as attacks become increasingly prevalent.
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Customers can now save up to 15% on their At-Bay cyber insurance policy premium by utilizing Microsoft 365's built-in security controls and comprehensive security services, while managing cyber risk with At-Bay's free active risk monitoring.
"An insurance policy is an effective tool to articulate the impact of cyber security choices on the financial risk of a company. By offering better pricing to companies who implement stronger controls, we help them understand what matters in security and how best to reduce risk," said Rotem Iram, co-founder and CEO of At-Bay. "Working with Microsoft enables us to educate customers on the powerful security controls that exist within Microsoft 365 and reward them for adopting those controls."
Businesses that use Microsoft 365 are eligible for savings on their At-Bay cyber insurance policy premium if they implement certain security controls and solutions, including multi-factor authentication and Microsoft Defender for Office 365 Microsoft 365 Business Premium comes standard with both controls in place out of the box. In addition to these security controls, the premium savings is subject to the loss history and individual risk profile of each business
At-Bay recently closed a $185 million Series D funding round and is now valued at $1.35 billion. In Q2 of 2021, the company surpassed $160 million in annual recurring revenue on 800% year-over-year premium growth.
