Beazley Security goes live today as an integrated cyber risk management company, following the merger earlier this year of Beazley’s in-house cyber services team and its wholly-owned cyber security company, Lodestone.

Beazley Security launched with an expanded portfolio of services, including its Managed eXtended Detection and Response, or MXDR, service that offers clients always-on monitoring and advanced capabilities to rapidly identify and contain threats. Other core offerings include a range of professional services to help clients prepare for and defend against cyber risks, as well as incident response, forensics and restoration services.

“The combined power of expertise at Beazley Security will deliver long-term outperformance for our clients, enabling them to build the kind of cyber resilience which is vital in an era of accelerating cyber risk,” said Paul Bantick, global head of cyber risks at Beazley. “Our experience of managing thousands of cyber incidents shows that organisations with integrated risk management services in place, build stronger resilience and are able to pre-empt, respond and adapt to cyber threats more effectively.”

Alton Kizziah, CEO of Beazley Security, added: “As a new type of cyber risk management company, we have spent the last year building the teams, tools and proprietary technology needed to help clients proactively identify and address cyber threats. Should an event occur, our focus is on helping clients minimise damage and speed recovery.

“We are continually evolving and developing our services to meet the ever-changing cyber threat and innovations, such as MXDR, are part of a powerful suite of capabilities that quickly identify and contain threats.”

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