Strategic Partnership Between Antigen Security and Orca Security to Reduce Cyber-Insurance Premium Costs

Antigen Security and Orca Security Join Forces

Antigen Security, LLC has recently announced a pivotal partnership with Orca Security, recognized for its innovative agentless Cloud-Native Application Protection Platform (CNAPP). This collaboration is set to revolutionize the cyber-insurance landscape, enabling organizations that prioritize cloud infrastructure to benefit from considerable savings on their insurance premiums. Reports indicate that businesses adopting Orca's holistic cloud risk visibility can achieve reductions ranging from 20% to an astounding 60% in their cyber-insurance costs.

The Driving Force Behind the Partnership

At the heart of this collaboration lies Antigen's Actuarial Cyber Intelligence Program (ACIP). This robust program analyzes actual insurance claims, correlating them with the various security products, strategies, and frameworks employed by different organizations. Preliminary findings suggest that environments safeguarded by Orca's solutions experience fewer security incidents, and those that do occur tend to be less severe. This positive outcome fosters confidence among insurers, often resulting in significantly lower premiums for Orca users. Hence, Antigen and Orca present a compelling case for comprehensive coverage at reduced rates for cloud-first enterprises, enhancing their resilience against cyber threats.

Key Advantages of the New Partnership

1. Premium Discounts: Organizations utilizing Orca’s technologies across major platforms, including AWS, Azure, Google Cloud, or Kubernetes, stand to unlock savings of up to 60% or more. The ACIP risk validations reveal substantial decreases in misconfigurations, lateral movement threats, and the potential impact of incidents, playing a crucial role in fostering these savings.

2. Alignment with Risk Management Standards: Orca's security controls are aligned with essential frameworks such as NIST, CIS, and ISO 27001, which not only emphasizes a design for resilience but also assists clients in fulfilling their compliance obligations and underwriting criteria.

3. Partner Enablement: Antigen is committed to the success of the partnership by providing comprehensive training and market development funds to Orca’s channel partners, including managed service providers (MSPs) and value-added resellers (VARs).

Strong Words from the Leaders

Steven Legg, co-founder and CEO of Antigen Security, highlighted the significance of Orca’s agentless platform in improving cloud visibility and incident management. He expressed that the capacity to identify and neutralize cloud-associated risks before they escalate is a true representation of resilience by design, encouraging insurers to offer appreciable discounts on premiums.

In support, Arie Teter, Chief Product Officer at Orca, stated that collaborating with Antigen transforms security outcomes into tangible financial value for clients. He emphasized that achieving fewer incidents, faster recovery times, and lower insurance costs illustrates a win-win scenario for any organization operating in cloud environments.

About the Companies

Antigen Security, LLC specializes in technology services aimed at enhancing cyber liability insurance underwriting and claims. Their extensive partner network spans various sectors including managed service providers and insurance entities, facilitating innovative cyber risk management solutions designed to help clients mitigate vulnerabilities, ensure regulatory compliance, and safeguard invaluable data.

Orca Security expertly enables companies to leverage cloud security as a key competitive edge. Their cutting-edge, agentless-first platform offers unparalleled coverage and visibility across multi-cloud setups, effectively simplifying complexities and mitigating risks associated with cloud computing. With the backing of prominent investors like Temasek and Notable Capital, Orca has become a trusted ally for numerous organizations, including industry leaders such as SAP and Royal Caribbean.

For more information on how to leverage this partnership for cost savings, visit Antigen Security's website.