Deep Instinct, the leader in deep learning-based cybersecurity for predicting and countering cyberattacks, is now announcing the world’s premier united ransomware and low false-positive warranty. The company grants up to two million pounds of compensation to customers using their software who experienced a ransomware attack or more than 0.1% false-positive alerts. The software incorrectly classifies benign files as malware.
The news originates as the extent of ransomware attacks has tripled over the last year. Numerous high-profile attacks on the Irish Health Service and Colonial Pipeline have intensified the dispute over securing the payment of ransoms illegally. There are speculations on whether cyber insurers are fanning the sparks of ransomware by meeting cybercriminals’ demands. In a survey of 100 UK cybersecurity experts commissioned by Deep Instinct, 66 percent reported themselves in support of making the payment of ransoms illegal.
Deep Instinct’s ransomware warranty has gained an exuberant response from the industry as its terms explicitly suspend paying the ransom. It concentrates instead on covering the expenses incurred in retrieving from a ransomware attack. The false-positive warranty from the company guarantees that clients using the deep learning software will encounter a rate of false-positive alerts below 0.1%, compared to an industry standard of 26%. The warranty offers security experts the peace of mind of comprehending that if the product does not perform upon its promise of preventing ransomware attacks or diminishing the level of false-positive alarms below 0.1%, then it will compensate its clients.
Brooks Wallace, VP at Deep Instinct, said, “if I ordered the latest washing machine and it failed to wash my outfits, then I’d be able to get my money back. It’s high time that the cybersecurity industry illustrated the equivalent level of maturity and confidence in its capability to deliver on its promise of preventing ransomware. Why should it be the victim, or their insurance firm, that shoulders the value and deals with the fallout when technology doesn’t deliver?”
He resumes, “The idea that we have the belief to offer this warranty is that we’re the first deep learning cybersecurity framework on the market. Deep Learning is the most advanced form of AI, contributing to pinpoint accuracy. It doesn’t rely on human intervention, like machine learning AI-driven solutions. However, it learns behavior from ingesting huge volumes of data and organizing neural connections like a human brain, allowing it to naturally and accurately detect a previously unidentified form of ransomware or other malware variants in under 20 milliseconds – 10 times more agile than the blink of an eye.”