Axa XL partners with Darkweb IQ to bolster cyber offering

By Isha Marathe

March 6 - (The Insurer) - Axa XL has partnered with offensive cybercrime prevention firm Darkweb IQ to provide easy access and preferential pricing for its cyber insurance policyholders.

"Partnering with cyber security experts Darkweb IQ enables us to provide comprehensive and effective solutions to our clients, helping them to safeguard their digital assets, data, and operations from potential cyber-attacks and data breaches," said Tim Smit, global head of cyber risk strategies and partnership programs.

"Access to a cyber expert like Darkweb IQ is crucial in helping our clients fight the ongoing battle against ransomware."

Axa XL's cyber insurance products and services include coverage for investigating and managing cyber incidents, financial protection against liabilities and risk management services to strengthen cybersecurity.

Darkweb IQ collaborates with law enforcement to infiltrate cybercriminal supply chains to gain visibility into and intercept imminent ransomware attacks.

"Their Ransomware Detection & Response solution can be instrumental in intercepting attacks before data theft or encryption occur, providing vital cyber protection for businesses," Smit said.

"Another available service, Supply Chain Security+, adds an extra layer of defense, safeguarding against disruptions and data theft resulting from attacks on critical third-party vendors and suppliers. Utilizing their expertise is essential in fortifying our defenses and mitigating the risks posed by cyber threats," he added.