Beazley Security Goes Live

Beazley Security Goes Live
Beazley Security has today gone live as an integrated cyber risk management company, following the merger between Beazley’s in-house cyber services team and its wholly owned cyber security company, Lodestone.

Beazley Security launches with an expanded portfolio of offerings, including a new Managed eXtended Detection & Response (MXDR) service that offers clients always-on monitoring and advanced capabilities to rapidly identify and contain threats. Other key offerings include a comprehensive set of solutions for cyber risks, from defence, incident response, forensics, and restoration services in the event of an attack. Beazley Security’s services will all be delivered by professionals with extensive experience.

With a newly expanded team in the USA, Canada, UK, Germany, France, Spain, and Singapore, Beazley Security is well-positioned to offer specialised services to Beazley policyholders while also driving organic growth outside the existing client base.

Paul Bantick, Global Head of Cyber Risks at Beazley, commented: “The combined power of expertise at Beazley Security will deliver long-term outperformance for our clients, enabling them to build the kind of cyber resilience which is vital in an era of accelerating cyber risk. Our experience of managing thousands of cyber incidents shows that organisations with integrated risk management services in place build stronger resilience and are able to pre-empt, respond, and adapt to cyber threats more effectively.”

Alton Kizziah, (pictured) CEO of Beazley Security, said: “As a new type of cyber risk management company, we have spent the last year building the teams, tools, and proprietary technology needed to help clients proactively identify and address cyber threats. Should an event occur, our focus is on helping clients minimise damage and speed recovery.”

“We are continually evolving and developing our services to meet the ever-changing cyber threat, and innovations, such as MXDR, are part of a powerful suite of capabilities that quickly identify and contain threats,” Kizziah added.

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