For centuries, people have dreamed of seeing the future to prevent disasters. In the realm of cybersecurity, BforeAI brings this dream closer to reality with the launch of its PreCrime Guarantee. This new program pledges to reimburse customers up to ten times their service contract value if they experience a cyberattack due to a failure in BforeAI’s predictive solutions.
According to Luigi Lenguito, CEO and Founder of BforeAI, the guarantee aims to provide customers with assurance and improve their risk management. Lenguito stated, “With our new guarantee, we are providing skeptics a win-win situation with our proven security solution, and in the process, helping them improve their risk management posture.”
BforeAI’s PreCrime platform predicts, blocks, and prevents malicious campaigns before they impact organizations. The company claims a false positive rate of 0.05%, enabling the system to stop attacks within minutes. The PreCrime Guarantee offers customers additional assurance as they evaluate the platform’s effectiveness.
“Cyber Insurance Premiums”
The launch follows a nine-month validation process by BforeAI’s cyber insurance partner, which confirmed the platform’s reliability and performance. This validation process examined the platform’s false positive and false negative rates and its overall reliability.
Gal Messinger, Chief Security Officer at Signify, commented on the program’s cybersecurity benefits, saying, “We were already a very satisfied client of BforeAI and their PreCrime platform, having avoided multiple attacks thanks to their predictive and preemptive solution over the past two years. The Guarantee program offers additional leverage when allocating the budget. Having this safeguard in place helps ensure that our cyber insurance premium will also stay manageable.”
The PreCrime Guarantee launch follows BforeAI’s recent $15 million Series A funding round, led by SYN Ventures with participation from Karma Ventures, Karista, Addendum Capital, and the Partnership Fund for New York City. BforeAI plans to use this program to expand its presence in the U.S. market in 2024.
Source: BforeAI Launches PreCrime™ Guarantee Program for Seamless Cyber Risk Coverage.