SANTA CLARA, Calif., Feb. 22, 2016 /PRNewswire/ -- WhiteHat Security, the only application security provider that combines the best of technology and human intelligence, and FranchisePerils, a division of ExecutivePerils Inc., today announced a strategic partnership that helps customers place an emphasis on preventative and proactive security for their franchises. Together, this collaboration includes the FranchisePerils' eFranchisorSuite™, the only network security and privacy cyber insurance policy specifically for the franchise industry, and WhiteHat Sentinel, a software-as-a-service platform used to find and fix vulnerabilities before they can be exploited.
"Cyber insurance premiums are increasing and companies need to address security early-on with a proactive approach in order to protect themselves and their shareholders from catastrophic breaches and losses," said Peter R. Taffae, Managing Director at ExecutivePerils, Inc. "Our partnership with WhiteHat Security augments our policy offering and provides franchisors and their franchisees with a trusted technology and team of security threat research experts, giving customers a comprehensive and unique approach to cyber insurance."
Cyber insurance is only part of the risk management equation for any organization, and it should not be considered in isolation from security solutions for proactive protection. With this in mind, FranchisePerils has partnered with WhiteHat Security to ensure that its private franchise customers have easy access to the leading solution for application security, WhiteHat Sentinel. FranchisePerils will contribute towards the purchase of WhiteHat Sentinel for its eFranchisorSuite insureds, and WhiteHat Security will extend a steep discount for the solution, making it extremely cost-effective – if not free – to the eFranchisorSuite user for the first year. The combination of WhiteHat Sentinel for application security, and eFranchisorSuite for comprehensive cyber insurance, will provide franchisors the opportunity to put best practices for risk management to work protecting their business.
"WhiteHat Sentinel, combined with the eFranchisorSuite, is an excellent way for franchisors and their franchisees to proactively protect their franchisors, franchisees and their customers from cyber threats," said Susan Don, Vice President of Channel Development at WhiteHat Security. "What's unique about Sentinel is it's backed by the one of the largest and best teams of security experts in the industry: the security engineers in WhiteHat's Threat Research Center. This means FranchisePerils insureds using WhiteHat Sentinel will benefit from having over 150 security experts continually protecting their applications."
WhiteHat Sentinel is available immediately to FranchisePerils insureds who have purchased the eFranchisorSuite.
About WhiteHat Security
WhiteHat Security has been in the business of securing web applications for 15 years. Combining advanced technology with the expertise of its global Threat Research Center (TRC) team, WhiteHat delivers application security solutions that reduce risk, reduce cost and accelerate the deployment of secure applications and web sites. The company's flagship product, WhiteHat Sentinel, is a software-as-a-service platform providing dynamic application security testing (DAST), static application security testing (SAST), and mobile application security assessments. The company is headquartered in Santa Clara, Calif., with regional offices across the U.S. and Europe. For more information on WhiteHat Security, please visit www.whitehatsec.com, and follow us on Twitter, LinkedIn and Facebook.
FranchisePerils, a division of ExecutivePerils, was formed in 2013 to solely focus on the franchise industry. FranchisePerils understands the unique challenges that franchisors and franchisees face and address them with innovative insurance products by trusted and proven insurance companies. By recognizing the unique characteristics of the franchise industry, FranchisePerils has been able to bring unparalleled value & expertise to both franchisors and franchisees. The company's FranchisorSuite® policy is the only policy of its type in the world. It is specifically designed to provide maximum protection at great value for franchisors.
SOURCE WhiteHat Security