-- CyberScout partners with Pioneer Insurance & Surety Corp. (Pioneer 
Insurance) and MSIG Mingtai Insurance Co. to deliver the first embedded, 
retainer-based cyber insurance offering to the Southeast Asia market. Together 
they will deliver award-winning services, including multilingual 24/7 breach 
response, consumer cyber assistance, remote consulting and data forensic 
services to both individuals and small and medium-size businesses in Taiwan and 
the Philippines.

CyberScout, the gold standard in identity and data defence services, is pleased 
to announce two new global partnerships that will introduce accessible cyber 
insurance solutions in Southeast Asia.   Individuals and small to medium-size 
businesses will receive CyberScout's award-winning, best-in-class services 
through a robust and innovative distribution model designed to reach an 
underserved Asian mass market.  

The global cyber insurance market is expected to reach $14 billion by 2022, a 
compound annual growth rate of 28 percent, according to the Cyber Insurance 
Market Report.  However, the complex nature of cyber risks and stale 
distribution models have historically limited market growth to these previously 
ignored market segments.

CyberScout's in-house global response network surmounts those obstacles and is 
powered by services that include 24/7 breach response and consumer cyber 
assistance, international risk management platforms, multilingual support, 
remote consulting and IT/data forensic services, as well as sales and marketing 
support for new partners.  

The solutions are being embedded into existing products, services and customer 
portfolios without the need to opt-in to service. This truly treats Cyber 
Insurance as the new Fire Insurance; a universal risk that cannot be ignored by 
any individual or business.

"These two new partnerships will provide access to high quality global response 
capabilities to consumer and mass-market Asian audiences where this previously 
would have been unavailable to them," said CyberScout Managing Director Matt 
Cullina. "Pioneer Insurance and MSIG Mingtai are the perfect partners to spread 
our joint message that the insurance industry will step up and protect 
vulnerable small to medium-size businesses and consumers that previously had no 
access to cyber insurance."

"High-quality mass-market products that can be embedded across existing 
customer portfolios lower aggregation risk, demonstrate innovation and reduce 
friction in the underwriting process," added Tom Spier, CyberScout Commercial 
Director, Global Markets. "We are delighted to be a small part in the evolution 
of how cyber will be distributed in the future. Global expert response will 
underpin local expertise from a language, legislation and consultancy 
perspective. We are confident that together these will be amongst the fastest 
growing portfolios of their kind with real customer demand behind them."

About CyberScout
CyberScout sets the gold standard for identity and data defense services--from 
proactive protection to education to successful resolution. Since 2003, 
CyberScout has combined on-the-ground experience with high-touch personal 
service to help commercial clients and individuals minimize risk and maximize 
recovery. To learn more, visit www.CyberScout.com.

Contact: Lelani Clark, +1 646-649-5766 lclark@cyberscout.com

SOURCE CyberScout