Virsec Security Platform Receives Cyber Catalyst Designation Based on Voting by Leading Insurance Companies

Business Wire

Only 17 Solutions Designated Out of 150 Products Submitted for Evaluation

SAN JOSE, Calif.--(BUSINESS WIRE)-- Virsec, a cybersecurity company delivering a radically new approach to protect against advanced targeted attacks, today announced that it has received Cyber Catalyst℠ designation in a new program sponsored by Marsh, a global leader in insurance broking and risk management, to help businesses make well-informed security decisions.

The Virsec Security Platform is one of only 17 cybersecurity solutions designated in the first year of the program, out of more than 150 security products and services that were submitted for evaluation. Participating insurers evaluated cybersecurity solutions that address major risks like data breach, business interruption, data theft or corruption, and cyber extortion.

“In the highly complex cybersecurity marketplace, Cyber Catalyst gives business leaders greater clarity and confidence in their cybersecurity choices,” said Tom Reagan, US Cyber Practice Leader at Marsh, which created the Cyber Catalyst program. “We’re excited to showcase leading-edge solutions like Virsec, which was identified by participating insurers as able to have a meaningful impact on cyber risk.”

Cyber Catalyst by Marsh℠ is a ground-breaking new way for organizations to make more informed choices about cybersecurity products to manage cyber risk. In the program, leading cyber insurers evaluate and identify solutions they consider effective in reducing cyber risk. Participating insurers include Allianz; AXIS; AXA XL, a division of AXA; Beazley; CFC; Munich Re; Sompo International; and Zurich North America.

In their evaluation, insurers characterized the Virsec solution as “highly effective against both common and sophisticated attacks,” and providing “high potential for risk mitigation.” Evaluators also stated that the Virsec platform “stands to reform the mindset of ‘protect the perimeter’ by mitigating uncertainty and offering real-time protection.” Organizations that adopt Cyber Catalyst-designated solutions may be considered for enhanced terms and conditions with participating insurers.

“We’re honored to receive this designation and believe the Cyber Catalyst program will be very useful for businesses trying to mitigate risk,” said Atiq Raza, CEO of Virsec. “The best insurance is always prevention, and it’s exciting to see the insurance industry embrace best-of-breed technology as part of their cyber insurance strategy.”

With the Virsec Security Platform, enterprises can effectively harden applications from the inside while ensuring application control, system integrity, memory protection, and continuous authorization in the face of cyberattacks. The solution deterministically blocks advanced memory-based attacks, unknown threats, stealthy fileless malware, and more, with surgical accuracy and no impact on applications.

About Virsec

Based in Silicon Valley, Virsec delivers innovative solutions to counter today’s advanced cyberattacks. The company is led by industry veterans who have driven one of the world’s top processor teams, and created innovative technology in network security, embedded systems and real-time memory systems. The team has broad leadership experience at companies including AMD, Cisco, Palo Alto Networks, Juniper, Dell, NextGen, BMC Software, ForcePoint, and a long list of high-growth startups. More information and demos are available at www.virsec.com.