CISO Global brings AI to $50 Billion Insurance Market with Cyber Assurance Group Strategic Partnership to Deliver Innovative Cyber Technology and Insurance Solutions
April 17 2025 - 8:30AM
CISO Global (NASDAQ: CISO), a leader in AI-powered cybersecurity
software and compliance services, today announced a strategic
partnership with Cyber Assurance Group Inc., a forward-thinking
cyber insurance specialist, to launch CyberSimple, which provides
cyber resilience, financial protection, and peace of mind to
business owners. This first-of-its-kind offering brings together
cutting-edge cybersecurity protection and meaningful financial
coverage designed specifically for the underserved small and
medium-sized business (SMB) market.
While large enterprises invest heavily in
cybersecurity professionals and complex defense strategies, SMBs
often lack the resources to implement adequate protections, leaving
them disproportionately exposed to cyber risk. Cyber insurance has
the potential to close that gap, but coverage is frequently
inaccessible to SMBs due to inadequate defenses or high cost of
coverage. CyberSimple solves this disconnect.
At the core of CyberSimple is CHECKLIGHT®, CISO
Global’s revolutionary AI-powered endpoint detection and response
(EDR) platform. Delivering 24/7/365 protection, CHECKLIGHT®
proactively safeguards businesses against zero-day and other
advanced cyber threats. CHECKLIGHT® is bundled with embedded cyber
financial protection that is simple, affordable, and purpose-built
for SMBs.
“The global cyber insurance market is projected
to surpass $50 billion by 2030, growing at a 25% CAGR,” said David
Bechtel, Co-Founder of Cyber Assurance Group. “As companies face
increasing cyber threats and regulatory pressures, financial
protection has become a critical risk transfer tool, especially for
small and mid-sized businesses. This growing demand is driving
interest in integrated solutions like CyberSimple.”
“CyberSimple is a breakthrough solution for
small and mid-sized businesses that want the protection of a modern
cyber defense stack and the reassurance of financial coverage if
something goes wrong,” said Kyle Young, Chief Operating Officer of
CISO Global. “This partnership offers business owners an efficient
way to sleep at night, knowing their networks are protected and
their financial risk is mitigated.”
Cyber Assurance Group is also working with CISO
Global to develop a portfolio of custom cyber insurance products
for enterprise clients that integrate CISO’s proprietary software
and services, delivering comprehensive cyber resilience at
scale.
For more information about CyberSimple and how
it can protect SMBs, visit CyberSimple – Cyber Assurance Group
Incorporated
About CISO Global
CISO Global, Inc. (NASDAQ: CISO), headquartered
in Scottsdale, Arizona, is an industry leader in AI-powered
cybersecurity software, managed cybersecurity, and compliance that
delivers comprehensive solutions designed to protect organizations
from the latest cyber threats. The company protects the most
demanding businesses and government organizations against
continuing and emerging security threats and ensures their
compliance obligations are being met. For more information about
the company, visit ciso.inc.
About Cyber Assurance Group
Cyber Assurance Group Incorporated (CAGI) is an
innovative cyber risk insurance specialist. We leverage
cutting-edge technology to assess, mitigate, and insure against
cyber threats, providing comprehensive, data-driven solutions.
Safe Harbor Statement
This news release contains certain statements
that may be deemed to be forward-looking statements under federal
securities laws, and we intend that such forward-looking statements
be subject to the safe harbor created thereby. Such forward-looking
statements include, among others, our belief that we are an
industry leader in proprietary software, managed cybersecurity, and
compliance; our belief in the strategic partnership with Cyber
Assurance Group and their solution, CyberSimple; our expectation
that our product CHECKLIGHT® will offer cybersecurity protection
and financial coverage to the small and medium-sized business
market; our belief that CHECKLIGHT offers 24/7/365 protection,
safeguarding businesses against zero-day and other advanced cyber
threats; our belief that the small and medium-sized business market
lacks the resources to secure cyber protections, leaving them
exposed to cyber risk; we expect the collaboration with Cyber
Assurance Group to offer a solution to the cyber risk gap for that
market; we expect Cyber Assurance Group to develop a portfolio of
custom cyber insurance products for our enterprise clients; and our
belief that we provide comprehensive cybersecurity solutions to our
clients. These statements are often, but not always, made through
the use of words or phrases such as "believes," "expects,"
"anticipates," "intends," "estimates," “predict,” "plan,"
“project,” “continuing,” “ongoing,” “potential,” “opportunity,”
"will," "may," "look forward," "intend," "guidance," "future" or
similar words or phrases. These statements reflect our current
views, expectations, and beliefs concerning future events and are
subject to substantial risks, uncertainties, and other factors that
could cause actual results to differ materially from those
reflected by such forward-looking statements. These risks may be
detailed from time to time in the reports filed with the Securities
and Exchange Commission, including the Annual Report on Form 10-K
for the fiscal year ended December 31, 2024. You should not place
undue reliance on any forward-looking statements, which speak only
as of the date they are made. Except as required by law, we assume
no obligation and do not intend to update any forward-looking
statements, whether as a result of new information, future
developments, or otherwise.
For Media Inquiries:Hilary
Meyershilary.meyers@ciso.inc(480) 389-3444
CISO Global (NASDAQ:CISO)
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