Augmentt and SeedPod launch cyber insurance

OTTAWA and PHILADELPHIA, June 6, 2022 (GLOBE NEWSWIRE) — Focused on making MSPs more secure and successful, Augmentt, the SaaS security and management platform built for MSPs, announced today that SeedPod Cyber ​​is offering MSPs using Augmentt Discover and Augmentt Secure up to 40% off the cost of cyber insurance for customers they serve.

Adam Eiseman, CEO of Lloyd Groupan Augmentt MSP partner and member of the Augmentt Partner Advisory Board, applauded the effort saying, “Augmentt and SeedPod are two pioneers who got ahead of the curve, helping MSPs get better as they adapt to meet the needs of its customers in the face of a rapidly changing cybersecurity landscape.”

Recent discussions with the Augmentt 2022 Partner Advisory Board showed that most insurance agencies lack a strong understanding of the MSP model and the business and technical needs of their clients when it comes to meeting cybersecurity requirements. Augmentt CEO and co-founder Derik Belair notes: “MSPs and the businesses they serve can expect their cyber insurance premiums to increase by 50% to 100% in the next year as data breaches and cybersecurity incidents become more frequent. That’s a huge blow to rising operating costs, it erodes an MSP’s margin, and it’s exactly why we’re working with cybersecurity companies, including SeedPod, to show that our technology reduces risk and keeps more secure. to MSPs and their customers”.

Augmentt and SeedPod offer a unique value proposition for MSPs
Available now to Augmentt partners, SeedPod’s cyber insurance program includes comprehensive cyber insurance protection against data breaches, ransomware attacks, cyber threats, and lost revenue due to cyber-related incidents. MSPs using these two innovative Augmentt solutions together more easily meet the required criteria for cyber insurance agencies and qualify for the SeedPod cyber insurance program:

  • Augment Discover to quickly identify all the SaaS applications used in your customers’ organization, regardless of where people work, what device they use, and how they run the application.
  • Augmentt Secure, which provides MFA alerts, remediation, threat reporting to improve the security posture of the MSP as well as that of their clients.
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“The rapid adoption of SaaS-based tools by individuals and businesses in recent years has put pressure on MSPs who are more used to managing on-premises applications and systems,” he says. Doug Kreitzberg, CEO of SeedPod Cyber. “Tools such as those developed by Augmentt allow MSPs to automate the management, auditing and security of their customers’ SaaS-based applications, giving them greater visibility into those environments, which in turn gives us greater confidence when we underwrite and we quote risks”.

“SeedPod understands the proper security posture and set of tools that a good MSP should have and has developed a methodology to make cyber insurance easier to purchase and more affordable for the MSP,” explains Eiseman. “It’s a great program and it sets the standard for others to adopt.”

As the only provider of a SaaS security platform built for MSPs to currently partner with a cyber insurance company, the new Augmentt alliance offers a unique value proposition for MSPs. “Not all MSPs provide the same business value and offer the same protection that you get with Augmentt Discover and Augmentt Secure,” Belair notes. “Like traditional insurance, rewarding MSPs who proactively protect their customers from known and unknown threats, vulnerabilities, and attacks is good business and will work to keep more businesses safe.”

To enable MSPs to become a next-generation cloud MSP, Augmentt is offering 100 free Augmentt Discover seats. To register click here.

For more information on Augmentt solutions, training and partner enablement resources, visit www.augmentt.com.

About Augment
Founded in 2020, Augmentt’s mission is to provide Managed Service Providers (MSPs) with an intelligent solution to address the complexities driven by the unprecedented adoption of SaaS. Augmentt’s platform and solutions are designed to make SaaS management easy and cost-effective, while providing the framework for Augmentt partners to become world-class MSPs. For more information, visit www.augmentt.com.

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About SeedPod Cyber
SeedPod is a general cyber insurance management agency that incorporates high-quality, affordable cyber insurance within the technology stack that MSPs offer to their clients and also provides cyber/tech E&O insurance to MSPs themselves. Our mission is to reinforce the critical role that MSPs play and enable them and their customers to compete and thrive in this digital age.

Augmentt and SeedPod launch cyber insurance Augmentt Technology Inc