AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has partnered with Darkweb IQ to help businesses strengthen their cyber security practices.

Darkweb IQ is a cybersecurity firm that specialises in protecting companies from cyber threats such as ransomware, data theft, and third-party risks.

By collaborating with law enforcement and the cyber insurance industry, and infiltrating cybercriminal supply chains, Darkweb IQ can obtain exclusive intelligence and intercept imminent ransomware attacks.

Tim Smit, Global Head of Cyber Risk Strategies and Partnership Programs, stated: “Partnering with cyber security experts Darkweb IQ enables us to provide comprehensive and effective solutions to our clients, helping them to safeguard their digital assets, data, and operations from potential cyber-attacks and data breaches.

“Access to a cyber expert like Darkweb IQ is crucial in helping our clients fight the ongoing battle against ransomware.”

Commenting on Darkweb IQ capabilities and the partnership, Smit added: “Their Ransomware Detection & Response solution can be instrumental in intercepting attacks before data theft or encryption occur, providing vital cyber protection for businesses.

“Another available service – Supply Chain Security+ – adds an extra layer of defense, safeguarding against disruptions and data theft resulting from attacks on critical third-party vendors and suppliers. Utilizing their expertise is essential in fortifying our defenses and mitigating the risks posed by cyber threats.”

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