SPECTRA offers a cyber resilience certification platform for Managed Service Providers (MSPs) that validates their security outcomes. This certification streamlines access to reduced cyber insurance premiums and provides a warranty-backed security stack, enabling MSPs to differentiate their offerings and close deals faster.
Funding
Funding not disclosed
Founders
Product
Problem
Managed Service Providers (MSPs) face challenges in differentiating their cybersecurity offerings and accessing favorable cyber insurance terms for themselves and their clients. The traditional underwriting process for cyber insurance often relies on lengthy questionnaires that do not accurately reflect an MSP's actual security posture or the effectiveness of their deployed services.
Solution
SPECTRA provides a cyber resilience certification platform that validates the security outcomes delivered by MSPs. This certification process streamlines access to reduced cyber insurance premiums and facilitates risk transfer solutions. By certifying an MSP's people, processes, and technology, SPECTRA enables them to offer a warranty-backed security stack, which helps close deals faster and enhances their market differentiation. The platform also provides MSPs with access to new revenue opportunities through strategic partnerships with insurance carriers and brokers.
Target Audience
The primary customers are Managed Service Providers (MSPs) seeking to enhance their cybersecurity service offerings, differentiate themselves in the market, and secure better cyber insurance terms for their clients.
Features
- **MSP Resilience Certification:** A vendor-agnostic methodology that verifies the cyber resilience of an MSP's security offering, focusing on outcomes rather than specific technologies.
- **Cyber Resilience Warranty (Assure):** Offers a cash refund of up to $1,000,000 per customer if certified services underperform during a covered cyber event, such as ransomware, Business Email Compromise (BEC), or DDoS attacks.
- **Insurance Qualification (Insure):** Provides direct access to insurance partnerships with global brokers and carriers, replacing traditional questionnaires with real-time certification data for streamlined underwriting and preferred insurance pricing for clients.
- **Rapid Certification Process:** Completion of the initial certification typically within 24-48 hours for qualified MSPs, with options for expedited processing.
- **Organization-Wide Validation:** Certification applies to the MSP as an entity, mitigating the impact of staff turnover on security posture validation.
- **Outcome-Based Warranty:** Designed for simplicity with streamlined incident validation and customer refunds issued within days, without complex legal review.
- **Partner Enablement:** Provides onboarding, go-to-market support, co-branded marketing assets, and sales training for MSP partners.