Cowbell, a mid-market and SME cyber specialist, has broadened its Cowbell Connectors offering to encompass over 30 new integrations with leading security and cloud service providers. This expansion aims to enhance cyber risk assessment and underwriting.
Cowbell Connectors build on existing data sources, including outside-in data, dark web and threat intelligence, historical claims, and regulatory compliance information, all of which are part of the company’s layered cyber risk modeling framework. The newly added integrations incorporate inside-out data from various IT environments to sharpen risk assessment capabilities.
These integrations span a range of platforms, including cloud services like AWS, Azure, and Google Cloud Platform. They also incorporate vulnerability scanners from vendors such as Tenable, Qualys, and Rapid7 InsightVM. Additionally, the platform now integrates with endpoint protection tools from CrowdStrike, SentinelOne, and Sophos, identity and access management systems like Okta, Microsoft Entra, and Arnica, and compliance tools including Qualys Policy Compliance and Security Studio.
Rajeev Gupta, co-founder and chief product officer at Cowbell, noted that the threat environment has intensified in 2025, with artificial intelligence enabling more sophisticated attacks, and geopolitical risks increasingly impacting the cyber landscape.
Evolving Cyber Risk Landscape
The expansion comes in response to an increase in cyber incidents in the U.S. Last year, more than 6.85 billion records were reportedly breached, with the average cost of a data breach reaching $9.36 million.
Globally, cyber insurance premiums have doubled in the last five years, climbing to $14 billion in 2023. Projections estimate that this figure will rise to $29 billion by 2027. The competitive landscape among carriers has led to higher coverage limits and enhanced risk management services, making policies more affordable and accessible for businesses. Some policyholders saw modest, single-digit rate increases in 2024, particularly those demonstrating robust cyber risk management practices.
In the first half of 2024, significant cyber claims exceeding €1 million rose by 14%, with the severity of these claims increasing by 17%. Data and privacy breaches were significant contributors to this trend. Ransomware remained a leading cause of cyber insurance losses, accounting for 58% of the value of large claims during the same period. Incidents of funds transfer fraud (FTF) also increased by 15% year-over-year, with the average loss exceeding $278,000.
The Cowbell platform currently houses all of these integrations, with further development anticipated. The company plans to double its integration count in 2025, adding around 30 more connectors in areas such as cloud security, email and endpoint protection, third-party risk management, and SIEM (security information and event management). Cowbell is also open to expanding its integrations based on user demand.
