CFC Expands Incident Response Capabilities with Acquisition of Solis Security

2019 OCT 29 (NewsRx) -- By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News -- CFC, a specialist insurance provider and pioneer in emerging risk, announced that it has expanded its in-house cyber incident response capabilities with the acquisition of Solis Security, a Texas-based incident response provider.

CFC has one of the largest in-house cyber claims and incident response teams in the world and has handled nearly 1,500 cyber claims this year alone. With the addition of Solis Security, the company deepens its bench of highly skilled in-house technical experts who form the frontline response to any client cyber event whether a data breach, malicious cyber attack or system outage.

“By joining forces with Solis, we’re able to greatly expand our market-leading cyber incident response service, providing customers with even faster resolution to their cyber events, greatly reducing their business downtime and costs,” said David Walsh, CEO of CFC. “Having worked closely with Solis over the years, we know they have one of the most technically skilled and experienced IR teams in the market, and we’re eager to bring them onboard.”

With 20 years’ experience in cyber insurance, CFC has one of the largest cyber underwriting teams in the world and the company’s award-winning cyber insurance products are trusted by over 40,000 businesses in more than 60 countries.

CFC’s in-house cyber claims and incident response team is tightly aligned with the company’s cyber underwriting team and operates the world’s first cyber incident response app.

Additionally, CFC offers all cyber insurance clients access to a suite of cyber security and risk management support and tools, to help businesses prepare for and prevent cyber attacks.

“CFC is a cyber insurance provider that truly understands the challenges their clients face when it comes to managing and recovering from a cyber attack,” said Terry Oehring, CEO of Solis Security. “We’re excited to join the CFC team in offering cutting-edge cyber incident response services to our clients around the world.” About CFC CFC is a specialist insurance provider and a pioneer in emerging risk. With a track record of disrupting inefficient insurance markets, CFC uses proprietary technology to deliver high-quality products to market faster than the competition while making it easier for brokers to do business. Our broad range of commercial insurance products are purpose-built for today’s risks, and we aim to give our customers everything they need in one, easy-to-understand policy.

Headquartered in London, CFC serves more than 70,000 businesses in over 80 countries. Learn more at cfcunderwriting.com and LinkedIn. About Solis Security Founded in 2003, Solis Security provides cyber incident response and information security services to hundreds of businesses around the United States. The company is based in Austin, Texas. View source version on businesswire.com: https://www.businesswire.com/news/home/20191008005142/en/

(Our reports deliver fact-based news of research and discoveries from around the world.)