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At-Bay Stance Fraud Defense named "Fraud Prevention Innovation of the Year" in 2025 CyberSecurity Breakthrough Awards program. By marina povolotski on October 23, 2025 news At-Bay, the InsurSec provider for the digital age, today announced that its Stance Fraud Defense solution has been selected as the winner of the "Fraud Prevention Innovation of the Year" award in the 9th annual CyberSecurity Breakthrough Awards program. Conducted by CyberSecurity Breakthrough, an independent market intelligence organization, the annual program recognizes the most innovative companies, products, and technologies driving progress in the global information security industry. At-Bay Stance Fraud Defense, an AI-powered email security solution trained on real-world cyber insurance claims data, is purpose-built to identify modern email-based fraud attacks that most traditional email security solutions are unable to detect. Fraud Defense's added security layer analyzes communication patterns with AI to detect anomalies and flag suspicious behavior with visual warnings for users. Available at no additional cost to At-Bay Cyber and Tech E&O policyholders, Fraud Defense not only provides better security, activating it can also unlock up to double the financial fraud coverage sub-limits typically offered by the industry (up to $500K). "Our claims data shows that financial fraud is the most frequent source of loss among our policyholders, despite many having email security solutions in place," said Benny Shlesinger, VP of Cyber Technology at At-Bay. "We're not just filling a major security gap in the market, we're also using it to redefine how insurance and cybersecurity work together to deliver better overall outcomes for customers. It's an honor to accept this award from CyberSecurity Breakthrough." The mission of the CyberSecurity Breakthrough Awards is to celebrate excellence and spotlight breakthrough innovation driving the global cybersecurity industry forward. Covering a wide range of categories - including Cloud Security, Threat Intelligence, Risk Management, Fraud Prevention, Mobile Security, Application Security, Identity Management, and more - the annual program highlights the solutions and organizations redefining how Insurtech Israel safeguard the digital world. The 2025 awards program received thousands of nominations from more than 20 countries around the world, representing everything from disruptive startups to established global enterprises. This year's winners embody the cutting edge of cybersecurity technology, delivering next-generation protection and resilience in today's increasingly complex threat landscape. "Financial fraud is surging, and email is driving the wave. At-Bay's Fraud Defense solution is uniquely designed to identify and stop these extremely common and costly attacks," said Steve Johansson, managing director, CyberSecurity Breakthrough. "The solution is a major innovation in both cybersecurity and cyber insurance, delivering stronger preventative protection and better coverage in the case of a financial fraud incident. We're thrilled to award At-Bay with the award for 'Fraud Prevention Innovation of the Year!'" With the addition of Fraud Defense, At-Bay Stance - At-Bay's unified security platform - now mitigates cyber risks associated with 86% of customer claims. Fraud Defense can be seamlessly activated in minutes via Stance. About At-Bay At-Bay is the InsurSec provider for the digital age. By combining world-class technology with industry-leading insurance, At-Bay was designed from the ground up to empower businesses of every size to meet cyber risk head-on. At-Bay Insurance Services, LLC provides insurance protection and security prevention solutions to close to 40,000 businesses in the US, safeguarding up to $800B in collective business revenue, and offers coverage by non-admitted insurers for Cyber, Technology Errors & Omissions (Tech E&O), and Miscellaneous Professional Liability (MPL). As a security company, At-Bay offers proprietary security solutions including At-Bay Stance Managed Detection & Response (MDR). About CyberSecurity Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the CyberSecurity Breakthrough Awards program is devoted to honoring excellence in information security and cybersecurity technology companies, products and people. The CyberSecurity Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough information security companies and products in categories including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Web and Email Security, UTM, Firewall and more. For more information visit CyberSecurityBreakthrough.com.

Cyber insurance startup At-Bay has secured $34M in its Series C funding round. The round was led by new investor Qumra Capital, with participation from Microsoft's venture fund M12, also a new investor. Other participants included Acrew Capital, Khosla Ventures, Lightspeed Venture Partners, Munich Re Ventures, and Israeli entrepreneur Shlomo Kramer.