In the dynamic cybersecurity landscape, small and mid-size businesses face an uphill battle. The tools large enterprises use can be effective, but they come at a steep cost and require ongoing management by dedicated experts, making them out of reach for many.
At-Bay is on a mission to change that, helping emerging and mid-size businesses bridge their cybersecurity gap with managed enterprise-grade security. We’re excited to launch At-Bay Stance™ MDR, a comprehensive cybersecurity service that identifies, manages, and mitigates security threats. This MDR service provides a best-in-class Endpoint Detection and Response (EDR) solution from CrowdStrike, managed 24/7 by At-Bay’s security operations center (SOC).
At-Bay understands risk in the way only an insurance provider can. We believe MDR comprises a significant component of the future of InsurSec, a combination of insurance and security solutions that work together to make businesses of all sizes safer while delivering them a better ROI on their security investments.
Why MDR?
Too many companies are still using outdated tech to combat modern threats, with many relying on legacy antivirus solutions to try to stay safe. Smaller businesses are left in the lurch to solve the problem themselves, and that’s an unfair ask.
MDR not only provides the endpoint protection technology enterprises trust, but it also takes the burden of managing the security solution off the shoulders of small businesses.
At-Bay data shows that over 50% of cyber insurance claims in the past two years could have been mitigated by an MDR solution. Our analysis of in-house data from the fourth quarter of 2021 through the third quarter of 2023 reveals a critical need for a more accessible and affordable cybersecurity solution for small businesses.
Management by At-Bay Security
Building and staffing your own Security Operations Center (SOC) can cost millions of dollars and is not a realistic option for most businesses. That’s why we’ve done it for you.
At-Bay’s world-class Security team manages customers’ security postures, including a best-in-class EDR from CrowdStrike. Our team possesses a blend of experience in threat detection, incident response, and forensic analysis. They perform around-the-clock monitoring of users’ networks, providing rapid threat containment and response — freeing small businesses from building every aspect of their security strategy from scratch.
EDR by CrowdStrike
Endpoint security has evolved from legacy antivirus to full-featured EDR solutions that can identify and stop a wide variety of attacker techniques before they have a chance to cause damage. However, many businesses are still using outdated security technology to keep themselves safe, either because they lack resources or a dedicated cybersecurity team. For these reasons, we’re powering the technology component of our MDR solution with the best EDR on the market.
Crowdstrike has been recognized as the industry leader in EDR, and we’re excited to utilize their top-performing platform to bring the best cybersecurity to our customers. We view ourselves as our customer’s strategic security risk partner, and At-Bay Stance MDR is our solution to align more tightly with them and achieve better security outcomes.
At-Bay Stance MDR: Bridging the Gap
Small companies need to focus their time and resources on mission-critical business operations. Managing security in house can take away from that focus and can quickly become a drain on resources.
At-Bay data shows that a top-performing MDR that takes a holistic approach to threat detection and response across the entire IT environment could prevent significant cyber loss for many small businesses. That’s why we leveraged our claims data to build a solution uniquely tailored to bridge the small-business cybersecurity gap — without breaking the bank or requiring in-house expertise.
By merging At-Bay’s insurance expertise and world-class Security team with a market-leading EDR solution, we deliver robust cybersecurity technology at a price point that smaller businesses can afford. Additionally, qualifying At-Bay policyholders who deploy a top-performing MDR, such as Stance MDR, can unlock the potential for insurance premium credits/discounts.
