Impersonator fraud stays one of many fastest-growing and most prolific types of cyberattacks; partnering with Cowbell Rx will allow extra firms to cut back insurance coverage premiums and take preventative measures
NEW YORK, March 3, 2022 /PRNewswire/ — WireSecure, a number one fintech resolution for stopping impersonator fraud throughout the monetary companies business, has introduced it’s now a part of Cowbell Cyber’s referral community, Cowbell Rx. As a supplier of AI-powered cyber insurance coverage for small to medium enterprises (SMEs), Cowbell gives a referral market for varied cyber danger administration and safety companions. By being part of this community, firms who absolutely undertake WireSecure’s proprietary multi-factor authentication resolution can obtain reductions on their month-to-month cyber insurance coverage premiums.
WireSecure was launched in 2019 to handle the rising risk of wire fraud inside monetary companies. In line with the FBI, impersonator fraud and social engineering have shortly develop into the most important types of cyberattacks and accounted for as a lot as $2 Billion in losses final 12 months alone. This can be a risk that’s particularly related for companies working within the non-public capital markets. To handle this, WireSecure ensures the genuine id of each celebration concerned in a monetary transaction by cross-checking facial recognition, government-issued ID’s, and cell phone numbers. As soon as id has been verified for a person, it’s preserved for all future transactions.
“We’re extremely excited to work with Cowbell Cyber and play a job in serving to as many firms as doable scale back the chance of impersonator fraud and social engineering,” famous Brian Twibell, co-founder and CEO of WireSecure. “We have skilled numerous examples of firms who’ve endured, or come near enduring, important losses that consequence from an e mail account being compromised. Guide greatest practices can solely go up to now, and the very best type of prevention requires an computerized, multi-factor method.”
One of the crucial widespread traces of protection in stopping wire fraud has included callback verification, which requires the corporate to verbally affirm transaction particulars as soon as they’ve been exchanged. Nevertheless, that is each tough to confirm and time consuming to undertake. Preventative measures such because the id verification course of provided by WireSecure, ensures that everybody concerned in a transaction is in truth who they are saying they’re – with 100% certainty.
To be taught extra about WireSecure and the way use of our know-how can scale back impersonator fraud in addition to scale back cyber insurance coverage insurance policies, please go to www.wiresecure.com.
About WireSecure
WireSecure was based in 2019 to handle the growing threats of impersonator fraud and defend monetary transactions. The corporate’s intuitive resolution ensures every participant or enterprise id’s monetary data is verified and guarded. WireSecure is utilized by main fund directors and managers, non-public capital markets buyers, and M&A shareholders.
About Cowbell Cyber
Cowbell Cyber supplies standalone, admitted individualized, and easy-to-understand cyber insurance coverage for small and mid-size enterprises. In its distinctive AI-based method to danger choice and pricing, Cowbell’s steady underwriting platform, powered by Cowbell Components, compresses the insurance coverage course of from submission to problem to lower than 5 minutes. Cowbell Insurance coverage Company is at present licensed in 50 U.S. states and the District of Columbia and supplies SMEs with as much as $5 Million in standalone protection. For extra data, please go to www.cowbell.insure.
Media Contact (For WireSecure)
Ryan Walker
R.J. Walker & Co.
ryan@rjwalkerco.com
860-930-3611
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SOURCE WireSecure