London-based broker THB, CNA Hardy and cyber security specialist Waterfall Security Solutions have entered into a partnership to provide a cyber security protection package for industrial businesses globally.
The package, distributed exclusively through THB, includes CNA Hardy’s cyber technology and cyber insurance cover, which is offered at a 30 percent discount when used in conjunction with Waterfall’s proprietary “Unidirectional Security Gateway” system.
The Waterfall system, which has proved highly effective in repelling attempted attacks on its clients, creates an impassable barrier around an industrial network, allowing normal operations to continue without interruption, said a statement issued by THB, which is part of AmWINS Group, Inc., the U.S.-based wholesale broker.
Such protections are necessary for industrial businesses because traditional cyber security solutions, such as firewalls and intrusion detection solutions, are failing to provide sufficient protection for industrial control systems, the companies affirmed. Manufacturing systems and industrial facilities in recent years have experienced disruption to production, damaged equipment and compromised safety as a result of cyber attacks, the statement continued.
“We are excited to offer this comprehensive protection at such favorable terms,” said Roddy Graham, head of THB’s Professional & Financial Risks Division.
“Working with Waterfall Security means we have long-term confidence about the security of our clients. Following a pilot phase and several months of introducing the concept to our clients, the feedback has been extremely positive,” he added.
Rhonda Buege, head of healthcare and technology at CNA Hardy, said: “We are delighted to be partnering with Waterfall and THB. Creating innovative, bespoke solutions for our customers is at the heart of what we do, offering more to our customers, building stronger, deeper relationships as we continue to build-out our proposition in new markets.”
“Seeing the global leading insurance players put their trust in the cyber security of Waterfall Security technology to this extent is very gratifying,” said Lior Frenkel, CEO and co-founder of Rosh Ha’ayin, Israel-based Waterfall Security.
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