X Security has announced a new service for channel partners seeking to help SMBs address the rise in ransomware attacks. The Dover, Delaware-based company will partner with MSPs and MSSPs to offer their white-labeled Ransomware Preparedness Assessment, providing penetration testing and social engineering assessments.
The assessment includes multiple phases such as Proactive Ransomware Simulation, an internal network pen-test, an external network pen-test, a risk assessment on social engineering, a review of the ransomware response plan, and a critical controls review.
The first objective is to evaluate is the current state of a company’s security posture, using a variety of tools. The second key objective is to evaluate their processes for responding to a ransomware attack. The final objective is to evaluate security controls that may help reduce the impact or success of future ransomware attacks. This part of the assessment is also tied to the same security controls that insurance companies are looking at to determine cyber insurance placement and premiums.
Insurance companies faced significant losses due to ransomware attacks and are therefore increased the scrutiny on security controls prior to placing coverage. Companies are often denied coverage if certain security controls are not in place. The process outlined in the assessment reviews all security controls that insurers are seeking and highlights any gaps that could result in increased premiums or denied coverage.