Onda has formed a strategic partnership with Panorays to integrate Panorays’ cyber risk assessment tool into its platform. This two-year collaboration aims to streamline Onda’s cyber insurance underwriting process and improve the determination of insurability against cyber threats.
According to a Panorays press release, the partnership will enhance Onda’s risk assessment and monitoring capabilities, giving brokers and customers access to reliable risk data. It will also simplify cyber insurance by using continuous data-driven evaluations instead of lengthy application forms. Customers will gain insights into their external attack surface and better understand third-party risks within their supply chains.
“Simplify Cyber Insurance”
“We are delighted to announce our partnership with Panorays,” said Alex Jomaa, Chief Underwriting Officer at Onda. “Onda’s cyber risk engine integrates internal network data, external attack surface data, and threat intelligence. The tools offered by Panorays complement our existing technology and strengthen our cyber insurance products. Our goal is to simplify cyber insurance by using this technology to rapidly determine insurability.”
Panorays’ AI-driven platform helps organizations manage their supply chain and third-party cybersecurity risks. Demi Ben-Ari, Co-Founder & CTO of Panorays, said, “We are thrilled to partner with Onda in advancing the cybersecurity landscape for the insurance industry. By combining our technologies, we are improving the cyber insurance process, enabling faster, more accurate evaluations of insurability, and delivering stronger offerings to the market.”
This partnership aims to improve Onda’s offerings and enhance cybersecurity solutions within the insurance industry. By integrating Panorays’ technology, Onda seeks to deliver a streamlined, comprehensive insurance experience that addresses the complexities of cyber threats.
Source: Onda Secures Partnership with Panorays to Enhance Cyber Insurance Solutions.
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