Launch of At-Bay's MXDR Platform in US Marketplace
In a significant move to enhance cybersecurity for mid-market and small businesses, At-Bay has announced the launch of its new Managed Extended Detection and Response (MXDR) solution, At-Bay Stance MDR. This innovative platform is designed to bolster the security defenses of these businesses, providing continuous monitoring, threat detection, and full-service remediation around the clock.
At-Bay's MXDR platform, purpose-built to reduce the number of cyber incidents these businesses experience, is expected to offer key features such as:
- Continuous monitoring and detection of threats across endpoints, networks, and cloud environments.
- AI and automation to enhance threat detection, alert triage, and incident response, helping to reduce alert overload and speed up investigations.
- Managed services that provide expert Security Operations Center (SOC) support, allowing small and mid-market businesses to leverage advanced threat detection without needing large in-house security teams.
- Integration with existing security tools and environments to provide unified visibility and response capabilities.
- Protection tailored for mid-market and small businesses, focusing on ease of deployment, lower cost, and reduced complexity compared to enterprise-level solutions.
The benefits for these businesses are expected to include improved security posture through advanced detection and response capabilities, faster incident containment, reduced need for in-house security expertise, and overall risk reduction against cyber threats.
At-Bay's MXDR platform is not just another addition to the cybersecurity landscape. According to claims data, 90% of all mid-market and small business cyber claims can be mitigated with At-Bay's MXDR platform. This underscores the potential impact the platform could have on the cybersecurity landscape for these businesses.
In 2024, the cyber insurance claim frequency among mid-market and small businesses rose by more than 15%. This increase highlights the growing need for robust cybersecurity solutions like At-Bay's MXDR platform. Businesses with revenue between $100-$500M saw the sharpest uptick, with a 48% increase in claim frequency compared to 2023.
At-Bay has also formed a strategic alliance with AI-powered security provider SentinelOne, which enables end-to-end protection from endpoints, user identity, to cloud infrastructure and workloads, through a single unified platform.
In addition to the MXDR platform, At-Bay has launched two new InsurSec solutions aimed at fighting email fraud attacks, At-Bay Stance Fraud Defense. These solutions are part of the world's first integrated InsurSec platform designed to help mid-sized to small businesses address cyber risk head-on.
At-Bay's commitment to cybersecurity is evident in its continuous efforts to improve and expand its offerings. The new solutions from At-Bay are designed to provide increased protection against email fraud attacks, further strengthening its position as a leading InsurSec provider.
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- The new Managed Extended Detection and Response (MXDR) solution, At-Bay Stance MDR, aimed at enhancing cybersecurity for mid-market and small businesses, comes with features such as continuous monitoring, AI and automation for threat detection and incident response, and managed services for SOC support.
- The launch of At-Bay's latest InsurSec solutions, At-Bay Stance Fraud Defense, is a response to the growing need for robust cybersecurity solutions, given the rise in cyber insurance claim frequency by more than 15% among mid-market and small businesses in 2024.
- At-Bay's strategic alliance with AI-powered security provider SentinelOne integrates end-to-end protection from endpoints, user identity, to cloud infrastructure and workloads, providing unity in fighting against cyber risks, a crucial aspect of data-and-cloud-computing and technology regulations.
