CISO Global's AI-Powered CHECKLIGHT® Increases Warranty to $1 Million Per Incident — Expands Small Business Addressable Market to $11B
May 29 2025 - 8:30AM
CISO Global Inc. (NASDAQ: CISO), an industry leader in AI-powered
security software, managed cybersecurity, and compliance, is
excited to announce it has expanded the financial assurance
component of CHECKLIGHT® to cover up to $1 million per incident,
with an annual cap of $1.5 million per customer contract. This 4x
increase from the original $250,000 warranty per incident is being
provided at no additional cost to customers.
The expanded warranty significantly broadens
CHECKLIGHT's addressable market to an estimated $11 billion,
attracting larger organizations seeking greater financial
protection integrated with their cybersecurity. Through CISO
Global’s partnership with Cyber Assurance Group Incorporated,
CyberSimple™, powered by CHECKLIGHT®, will be launched via an
extensive referral network, including 17 insurance agencies,
seeking to provide better value and easily accessible financial
protection to their SMB clients.
“For nearly five years, CHECKLIGHT® has
consistently delivered measurable reductions in cyber-related
losses across a wide spectrum of businesses,” said Rob Hegedus,
Program Director for CHECKLIGHT® at CISO Global. “By expanding the
warranty coverage at no extra cost, we are not only enhancing the
value proposition for existing clients but also opening new doors
to previously underserved market segments that require stronger
financial guarantees. The launch of CyberSimple™ with expanded
financial protection reinforces our mission to provide proactive,
outcome-driven cybersecurity solutions backed by substantial
financial protection.”
“CyberSimple™ brings together CISO Global’s
cutting edge cybersecurity service with substantial financial
protection in one bundle. Enrollment couldn’t be easier. The
financial protection of $1 million per incident provides generous
coverages with no sublimits for even the smallest customers, making
it the most powerful warranty program for SMBs in the cyber market
today,” noted Dave Bechtel, a Cyber Assurance Group founder.
CHECKLIGHT®, part of CISO Global’s
next-generation software portfolio, is being offered to its more
than 600 security clients and through key insurance partners, such
as Cyber Assurance Group.
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. They 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 AI-powered security software, managed
cybersecurity, and compliance; our expectation of the expansion of
the financial assurance component of CHECKLIGHT® to cover up to $1
million per incident; our belief in the strategic partnership with
Cyber Assurance Group and their solution, CyberSimple™; our
expectation that our product CHECKLIGHT® will be launched to an
expanded market via resellers including insurance companies; our
belief that CHECKLIGHT® safeguards businesses against advanced
cyber threats; we expect the collaboration with Cyber Assurance
Group to offer a solution to the cyber risks for our clients and
underserved markets that require financial guarantees; our belief
that CHECKLIGHT® offers the most powerful warranty program for
small businesses in the cyber market; 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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