AsTech, a leading cyber risk management firm dedicated to helping organizations discover and remediate vulnerabilities to secure critical information assets, is expanding its hallmark Paragon Security Program (PSP) warranty against damages from data breaches to $5 million.
This guarantee protects businesses against breach-related costs if an organization suffers unauthorized access to non-public information through a vulnerability that AsTech fails to discover for its Paragon Security Program customers.
AsTech joins industry leaders, such as SentinelOne, WhiteHat Security, Cymmetria and others, in providing a financial guarantee to customers in the event of successful cyber-attacks on their applications and networks that their solutions do not catch first.
“This is the way of the future,” said Greg Reber, CEO, AsTech. Clients should be demanding this from their security vendors.”
“We are the first company to offer a managed application security service guarantee, but assuredly won’t be the last.”
According to Cybersecurity Ventures, the worldwide cost of cybercrime will grow from $3 trillion in 2015 to $6 trillion by 2021.
This includes damage and destruction of data, stolen money, lost property, intellectual property theft and other areas.
AsTech offers a tailored, strategic approach strategy for clients that grows with the needs of a business over time, finding highly effective, cost-efficient solutions designed to maximize return on security investment.
With this program, risk management budgets are much more predictable, leading to more certainty relating to how much organizations would disperse in the event of a breach.
PSP subscribers also enjoy permanent security improvements in their application development processes regardless of the size of the company.
“At AsTech, we stand behind our work with much more than just a money-back guarantee,” said Andrew McDonnell, president of AsTech.
“We will pay up to $5 million in breach-related costs for remediation, customer notification, legal fees, or anything else.”
“In this day-and-age, companies of all sizes need to know how secure their applications are.”
“We have spent nearly two decades continuously refining our approach to developer team training and management, source code assessments and remediation techniques so that the results are precise, effective and comprehensive.”
“Simply put, we take on the risk presented by Internet applications – and prove it with this guarantee.”
Internet applications have now become the attack vector of choice for assailants.
AsTech offers a full suite of services related to application security, with a mission to support clients with proven best practices, processes, tools and key metrics into every phase of the Secure Software Development Lifecycle.
AsTech is the only company providing source code security assessments confident enough in their diligence to offer this expanded warranty against breach-related costs.