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Mindaro, a fast-growing disruptive cyber insurance provider, has officially announced a new strategic partnership with LoginID. The user-friendly and transparent embedded insurance service will now come bundled with LoginID’s FIDO-certified biometric MFA technology. Both will now join hands and help reduce the risks of financial and reputational losses that can result from cybercriminal activity.
Lost data, regulatory fines, and brand damage are just a few things that today’s online businesses have to deal with after being hacked. Cyber insurance has thus become an integral cybersecurity and compliance component today.
Mindaro and LoginID now have the ability to elevate cybersecurity protection with two different approaches – containability and preventative. The latter will be introducing Multi-Factor Authentication into the ecosystem to combat password fatigue and reduce the attack surface, while Mindaro will be focusing on protecting online businesses from the financial risks created by cybercrime.
“Cybercrime has risen exponentially in recent years,” said Denis Senchishev, COO of Mindaro. “Ransomware hacks, social engineering attacks, and phishing exploits are just a few of the threats companies are facing on a daily basis today. Mindaro helps online businesses by simplifying the cyber insurance side of things with its unique and straightforward user experience – a first in the industry.”
“But Mindaro also cares for its customers. While nullifying cyber exploits is probably unrealistic, you can now use LoginID’s cutting-edge authentication solutions to create a Zero Trust environment that can be extremely challenging to breach.”
“LoginID is excited to be partnering with Mindaro, which is currently at the forefront of the burgeoning cyber insurance industry,” added Lucas Podsiadlo, Head of Business Development at LoginID. “We are seeing impressive synergies here by helping reduce the risks of financial and reputational losses that can result from an outdated security perimeter and inadequate fraud detection measures.”
About Login ID
LoginID is a US/Canadian based innovator focused on creating stronger authentication flows to help customers secure their data, while also allowing their users to also secure their private information. This is achieved via its UAF and FIDO2 certified authentication, privacy and tokenization platform. With funding and support from strategic investors such as Visa, LoginID has become a true gamechanger.
For additional details contact: sales@loginid.io
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About Mindaro
Mindaro is a digital insurance agency, adding the crucial piece of the cyber security puzzle that protects organizations from the financial ramifications of cyber attacks. Mindaro’s mission is to provide value to customers by lowering cyber exposure by partnering with A-rated underwriters and cyber security experts to close the gap between technological and financial protection. In mere minutes, Mindaro customers can get a bindable quote and generate a policy for cyber liability insurance at www.mindaro.com.
