Cyber insurance coverage managing basic agent BOXX Insurance coverage has introduced that it has acquired Templarbit, a cyber menace intelligence platform.
Based in 2017 by Bjoern Zinssmeister, Templarbit’s know-how allows corporations to study if their community has vulnerabilities that hackers can exploit. Templarbit’s platform autonomously discovers, classifies, and analyzes a company’s digital property to supply a singular threat profile that lists the potential enterprise prices that will be incurred ought to an asset be compromised.
Templarbit has groups in each Palo Alto and Los Angeles, CA. Following the acquisition, Bjoern Zinssmeister will likely be appointed head of engineering at BOXX Labs – BOXX Insurance coverage’s new R&D division.
“Bringing Templarbit’s workforce and know-how in-house was a pure subsequent step for us,” mentioned BOXX co-founder and CEO Vishal Kundi. “It exhibits how strategically necessary we imagine proactive cyber threat safety is to the continued development of our enterprise. We’re excited to welcome Bjoern and the Templarbit workforce to BOXX.”
“The Templarbit know-how platform has demonstrated that it’s potential to ship each efficient and reasonably priced cybersecurity capabilities to the small and midsize enterprise phase utilizing clever automation and menace intelligence,” mentioned Zinssmeister. “That is an extremely thrilling time to be becoming a member of the BOXX household, and I sit up for what’s subsequent.”
In September, BOXX Insurance coverage fashioned a strategic partnership with cybersecurity startup Cyphercor, which supplies multi-factor authentication (MFA) options beneath the LoginTC model.