AsTech Offers a $5 Million Security Breach Warranty
AsTech expands its warranty program with a guarantee it will find Internet application vulnerabilities or it will pay up to $5 million if there is a breach.
Customers who encounter a breach due to a vulnerability that application security vendor AsTech has overlooked will be eligible to seek up to a $5 million warranty, the company announced this week.
AsTech is expanding its Paragon Security Program warranty to $5 million from $1 million. The application security vendor will make good on the warranty if it misses a vulnerability that later leads to a security breach for its customer. Under the breach, the attacker would have to gain unauthorized access to non-public information, AsTech stated.
“We will pay up to $5 million in breach-related costs for remediation, customer notification, legal fees or anything else,” says Andrew McDonnell, AsTech president, in a statement.
AsTech is the latest company to join the warranty movement. End-point security firm SentinelOne, for example, offers a warranty of up to $1 million, and other industry players offering warranties include WhiteHat Security, and Cymmetria.
Read more about AsTech’s warranty here.
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