Microsoft is working with insurers to address their customers’ cybersecurity needs and reduce insurers’ own risk of loss through increased data visibility and standardized controls. To this end, the company is announcing a partnership with cyber insurance company At-Bay.
Through its modern approach to risk management, At-Bay assesses the cyber-risk of every company it insures and provides actionable insights on how customers can improve their security posture. Incentivizing the implementation of security controls with improved policy terms and pricing has strengthened the overall security of At-Bay’s portfolio companies.
Businesses in the United States that use Microsoft 365 are eligible for savings on their At-Bay cyber insurance policy premiums if they implement specific security controls and solutions, including multifactor authentication and Microsoft Defender for Office 365. Microsoft is also actively working with At-Bay to identify additional ways to improve the digital risk exposure of its customers and proactively address vulnerabilities. This offer will be available through At-Bay’s broker community and available for customers using any version of Microsoft 365.
Interested businesses can contact their insurance agent to get started. In addition to these security controls, the level of savings is dependent on the loss history and individual risk profile of each business.