The joint work enables CFC to offer CyberScout's identity theft remediation, consumer notification and cyber fraud monitoring services to CFC customers, according to a prepared statement.
CyberScout's cybersecurity services complement CFC's insurance services, CFC indicated, and will help CFC customers identify and address cyber risks faster than ever before.
In addition, CFC customers now have direct access to CyberScout's fraud specialists, CFC stated.
What Does the Partnership Mean for Both Companies?
For CyberScout, the partnership enables the company to increase its presence in the London market, CyberScout International Director of Business Development Tom Spier said in a prepared statement.
Meanwhile, the partnership enables CFC to bolster its in-house cyber risk capabilities, according to CFC Head of Incident Response Anthony Hess.
The partnership also empowers CFC to deliver "innovative, high-quality services on a global scale," Hess said, and ensures the company can help its customers address complex, sophisticated cyber risks.
CyberScout and CFC: Here's What You Need to Know
Founded in 2003, CyberScout offers a variety of cybersecurity services, such as:
- Data risk management.
- Identity protection.
- Identity theft recovery.
CyberScout today administers its cybersecurity services through more than 660 client partners that include 16 of the top 20 U.S. property and casualty insurance carriers, according to the company.
CFC is the largest managing general agent in the UK and provides insurance to over 50,000 businesses in more than 60 countries, the company stated.
The insurance company offers internal and partner-provided risk management services, CFC said, and an in-house incident response team that its customers can access via the business' cyber incident response app.