Graeme King
Managing Director
Volante Financial & Professional Lines - Cyber Lockout
Defending Businesses Against Ransomware. Cybersecurity and Ransomware Insurance In One.
Please watch these two short videos that introduce Trident LockdownTM’s power and its very low carbon footprint.
Trident LockdownTM powered by AppGuard® deployed on the endpoint is a highly effective barrier of last resort; if malware or ransomware does successfully get past the multiple layers of defence, when it reaches the endpoint, it will not detonate.
Trident LockdownTM is the only SaaS we know of that reliably plugs that final security step on the endpoint, which is why we mandate its use with all Cyber Lockout® policies. Trident LockdownTM gives us complete confidence to write full limit ransomware coverage on zero deductibles and 1 hour waiting periods for almost ANY client with ANY cyber maturity or ANY claims history.
Unlike many cyber other insurers, we have a broad appetite for risk and are willing to quote the majority of accounts that no other insurer will entertain due to a less-than-ideal cyber posture. We include primary limit ransomware coverage on all policies with a zero deductible and 1 hour waiting period, as standard, regardless of cyber maturity or claims history.
We can do this because GBMS Trident LockdownTM powered by AppGuard® reliably blocks the detonation of malware and ransomware.
We are often asked why we will not accept other AV and EDR solutions instead of GBMS Trident Lockdown powered by AppGuard®. A study in 2022 revealed that nearly all AV and EDR solutions – including some the biggest names around today – are not capable of reliably preventing all malware, as they are still failing to prevent common attacks.
Periodically in the cybersecurity news we read of new vulnerabilities in some of the best-known names in EDR, allowing hackers to bypass the security. The best EDR products – especially those with a 24/7 monitoring service around them – are good, but they are clearly not infallible
We have spoken to many CISOs who acknowledge this, and they see our solution as a belt-and-braces to catch those items of malware which otherwise would bypass the client’s existing AV/EDR solution.
AppGuard® first launched in 2009 and since that time it remains undefeated by malware and ransomware in real world installations and in multiple pen tests. To our knowledge no other solution is as effective as AppGuard® at blocking malware and ransomware from detonating.
Trident LockdownTM was launched more recently, providing clients with a professional 24/7 managed services to ensure the implementation and maintenance of AppGuard® in the client environment is done properly and securely.
Cyber Lockout® started out as something that we were offering through a portal in the U.S. for the ‘S’ of SME. Our US portal offering is undergoing developments that will make it even more attractive to SME businesses in the future. More news on this will be released in due course.
As a result of rapid changes in the market, which needed to undergo a sharp correction to stem rapidly rising losses, we soon realised that there was a wider demand for our insurance and the accompanying cybersecurity solution, via the open market.
We see a lot of interest from clients who have recently suffered a ransomware attack and who are finding it increasingly difficult to source any or any affordable cyber insurance. We also see a lot of interest from clients facing very large rises in their cyber insurance renewal premiums and from those whose cybersecurity posture is not good enough to meet the strict new qualifying criteria demanded by the market.
Cyber Lockout is underpinned by our strong relationship with GBMS, who provide their Trident LockdownTM service (including implementation, management and support of AppGuard® zero trust, endpoint protection) to all our clients, along with the backing of Munich Re Lloyd’s Syndicate paper.
The cost of Trident Lockdown is broadly in line with other leading endpoint security offerings, but the value is much greater – as it has never been beaten by malware or ransomware since its creation in 2009. It is so effective that it is approved and trusted by the military and defence sectors as well as certain critical infrastructure.
Managing Director
Volante Financial & Professional Lines - Cyber Lockout