AXIS Insurance teams up with Cybersecurity Company to defend small businesses

CioreviewIndia team | Tuesday, 16 March 2021, 10:44 IST

AXIS InsuranceAXIS Insurance, the specialty insurance busines section of AXIS Capital Holdings, has declared a strategic partnership with cybersecurity company Elpha Secure. The partnership will present cyber insurance and software protection to small businesses.

Elpha secure offers Elphaware, a software-as-a-service application that assists mitigate the risk of common cyber threats.

“Today’s small businesses have a need for efficient, effective solutions to manage their cyber risks,” said Dan Trueman, global head of cyber and technology for AXIS Insurance. “Cyber risk mitigation requires sound insurance solutions balanced with resolute cybersecurity for the resiliency of small businesses and for long-term stability. The Elpha Secure team are innovators, having brought critical cyber risk mitigation solutions to small enterprises and micro-sized businesses.”

Elphaware gives small business owners with a suite of cybersecurity tools that work beside existing security measures. The software has five chief features:

  • Secure, encrypted backups of critical data
  • Multi-factor authentication for remote access
  • The ability to restore compromised systems in hours
  • Creation of a virtual private network (VPN)
  • Insider threat and anomaly detection

Elphaware provides consumers with protection from social-engineering and malware attacks like ransomware, and enables small businesses to recover quickly after an incident.

Preetam Dutta, CEO of Elpha Secure, stated, “The entire Elpha Secure team is excited to work with AXIS,”. “Together, we can help protect businesses from cyber criminals. We know cybersecurity is hard. Elpha makes it easy.”

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