BCS Insurance Company expands its cybersecurity solutions

CHICAGO, October 26, 2021 (GLOBE NEWSWIRE) – BCS Insurance Company (BCS), Risk Placement Services (RPS), and Cyber ​​Paladin today announce an initiative to expand BCS’s cyber liability product by providing policyholders in small businesses with an industry-leading cybersecurity suite to help protect and mitigate cyber risks.

Small businesses that purchase BCS Cyber ​​Liability Insurance coverage, administered by RPS exclusively through www.RPSSmallBusiness.com, will have free access to Paladin Cyber’s Paladin ShieldMT, a powerful cyber protection suite that offers continuous vulnerability monitoring and a suite of defense and training tools for teams, as well as insurance coverage to help protect against high costs and damage to the team. reputation for a privacy breach or other cybersecurity incident.

The initiative represents an evolution of the cyber insurance industry. BCS gives its policyholders access to Paladin’s powerful cyber protection suite to protect them and help prevent cyber incidents.

“BCS, along with our administrator, RPS, has been at the forefront of the cyber liability insurance industry, and we have seen the industry change dramatically over the past few years,” said Timothy LeMarbre, vice-president, cyber and damages. underwriting, BCS Financial. “We recognize the need to expand the services available to our policyholders and are delighted to partner with Paladin to provide easy-to-use tools to help new policyholders and new policyholders protect themselves even more.

Paladin Shield helps organizations avoid ransomware and other cyber incidents by providing protections that strengthen entry points used by cybercriminals, actionable risk insights, and automated security awareness training that has reduced risk by 64% phishing vulnerability of a team. The suite, which will be available at no cost to new and existing policyholders, is valued at nearly $ 500 per month.

“BCS provides top-notch coverage that helps organizations respond to and recover from IT incidents such as ransomware,” said Xing Xin, co-founder and CEO of Paladin Cyber. “Our unified solution enables organizations to transform their risk profile and avoid these incidents with easy-to-use AI-based protections.”

“Data shows that improving cybersecurity fundamentals can stop ransomware; and helping mitigate risk should be an industry standard, ”said Steve Robinson, National Cyber ​​Practice Manager, RPS. “By engaging Paladin, the BCS Cyber ​​Insurance Policy, available through RPS, is able to provide an easy-to-use solution for its policyholders.”

BCS is the sixth largest e-product writer admitted in the United States by AM Best. Risk Placement Services is the fourth largest distributor of specialty insurance products in the United States and the exclusive online cyberdistribution partner of BCS. Paladin Cyber ​​provides comprehensive cyber protection for businesses of all sizes through differentiated insurance programs and easy-to-use technology.

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ABOUT PALADIN CYBER

Paladin Cyber ​​is transforming cyber risk management for insurers and the businesses they protect. Leveraging proprietary data and AI, Paladin’s cloud platform provides clearer visibility into risk and practical protections that effectively combat cybercrime. Paladin offers its partners and their customers the benefits of data-driven cybersecurity by combining cutting-edge risk assessment, mitigation and analysis tools with intelligent automation and engaging user experiences. For more information visit https://www.meetpaladin.com or email contact@meetpaladin.com.

ABOUT RISK PLACEMENT SERVICES

Risk Placement Services (RPS) is one of the nation’s largest distributors of specialty insurance products, providing valuable solutions in wholesale brokerage, compulsory authority, standard programs and lines, as well as automotive specialized through its brand Pronto Insurance. Based in Rolling Meadows, Ill., RPS has more than 80 offices nationwide. For more information, visit RPSins.com. Follow RPS on Facebook, Twitter, LinkedIn, Instagram and Youtube.

ABOUT BCS

BCS Insurance Company is wholly owned by BCS Financial Corporation, which has over 70 years of experience providing a wide range of insurance and financial solutions for Blue Cross and Blue Shield organizations nationwide. Through its subsidiaries, BCSI and 4 Ever Life Insurance Company, BCS, headquartered in Oakbrook Terrace, Ill., Is licensed in all 50 states and rated A (Excellent) by AM Best. Learn more at bcsf.com.

For more information, please contact Nathan Post at 630.472.7860 or npost@bcsf.com.

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Image 1: BCS Financial

BCS Financial

This content was posted through the press release distribution service at Newswire.com.


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Justin D. O'Neill

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