New Offering Makes Financial Protection from Cyber Attacks Simple and Accessible; PCH Technologies Becomes a Cork Early Access Partner
PHILADELPHIA – September 6, 2023 – PCH Technologies, an award-winning managed IT service provider (MSP), announced today the immediate availability of CorkTM, a new cyber warranty program. As an Early Access Partner of the Cork MSP Partner Network, PCH Technologies is now offering simple and accessible financial protection against cyber risks to its small and midsize business (SMB) clients.
Seventy-four percent of known data breaches impacted SMBs last year, an increase from 46% in 2021. For most SMBs served by MSPs, the cost and complexity of cyber insurance makes financial protection unaffordable and out of reach. In partnership with Cork, PCH Technologies eliminates those barriers with near-instant access to financial coverage following a security incident.
PCH Technologies is a security-first MSP that offers a standard level of cybersecurity to all its clients. Its team works together with clients to develop a comprehensive and forward-thinking cybersecurity strategy to ensure confidence in their ability to prevent and respond to the most sophisticated attacks. Through its partnership with Cork, PCH Technologies now offers the Cork cyber warranty as part of its cybersecurity packages for all new and existing clients, which provides financial coverage for ransomware and business email compromise attacks.
“Cork’s cyber warranty program provides a financial backstop to our technical security operations and complements our clients’ cyber insurance. Cork provides quick access to funds that can be used for incident response costs and cyber insurance deductibles,” said Timothy Guim, President and CEO at PCH Technologies. “The Cork product truly enhances the value of our managed IT and cybersecurity service offerings and assists us in protecting our clients from all angles.”
Cork’s purpose-built platform is designed to address cyber risks that SMBs face and empower them with the resources to build strong cyber resilience and financial confidence. The warranty is backed by an inside-out approach to active risk monitoring, detection and incident response using real-time data telemetry to underwrite and mitigate the cyber risk of the protected environment. This approach gives PCH Technologies timely insights to enable quick action.
“We’re thrilled to partner with a forward-thinking industry veteran such as PCH Technologies and offer its SMB clients additional protection against the rapidly evolving cyber risk landscape,” said Carlson Choi, CEO at Cork. “Accessible financial policies have become increasingly important as the need for cyber financial protection has pushed premiums up and coverages down. We look forward to working closely with PCH Technologies to enable it to expand its value as a trusted partner to its clients.”
For more information on Cork, visit corkinc.com.
For more information on PCH Technologies, visit pchtechnologies.com.
About PCH Technologies
Founded in 1997, PCH Technologies is a SOC2-certified managed service provider (MSP) headquartered in the Philadelphia market serving clients locally, nationally, and internationally. PCH Technologies has grown from a one-man operation to an established security-first MSP. Recently it was ranked no. 15 on Channel Futures MSP 501 Global List 2023. It offers specialties in managed services including 24×7 helpdesk, managed security, co-managed services, private cloud, public cloud, IT projects, 24×7 security operations center (SOC), as well as advanced AI security tools. It serves small to mid-sized businesses (SMBs) in the financial, construction, and manufacturing industries.
For more information on PCH Technologies, visit pchtechnologies.com or find us on LinkedIn.
Cork is a cybersecurity monitoring and warranty company for managed service providers (MSPs) serving small businesses (SMBs) and the software solutions they manage. Its purpose-built platform is designed to offer MSPs and their clients peace of mind with near-instant coverage and settlements in the aftermath of security incidents. Cork’s revolutionary approach to actionable insights, flexible premiums and claims management puts control in the hands of MSP and SMBs to protect the digital assets they value most. Based in Boston, Cork is backed by DVx Ventures, Outsiders Fund and Vestigo Ventures. For more information, visit corkinc.com and follow Cork on LinkedIn.
Contact for PCH Technologies