Integrated Business Systems on Tuesday announced a strategic partnership with Antigen Security LLC to launch a new Cyber-Insurance Savings Program aimed squarely at the financial services sector.
The program is specifically tailored for banking, accounting, payment processing, specialized fintech, investment, and portfolio management firms seeking to reduce risk and cut soaring insurance premiums.
The new offering promises organizations an average of 30–60% savings on their cyber insurance costs. It achieves this by helping clients align with stringent insurer requirements through a standards-aligned, risk-informed cybersecurity strategy.
The partnership operationalizes a concept called “Resilience by Design,” which is built on proven frameworks including CIS Controls, NIST CSF, and MITRE ATT&CK. By identifying and prioritizing risk, implementing the right security controls, and thoroughly documenting readiness, the program makes the underwriting process straightforward and helps ensure claims are successful if an incident occurs.
The partnership designates IBS as a Risk Management Organization within Antigen’s ecosystem, providing clients with access to carrier-approved technologies and streamlined insurance workflows from initial assessment through renewal.
Key benefits for customers
Organizations utilizing the program can expect several immediate advantages:
- Premium Savings: Typical savings range from 30–60% due to documented risk-reducing controls and evidence.
- Underwriting-Ready Controls: Provides a clear pathway to meet or exceed carrier requirements, reducing application time from weeks to days.
- Reduced Incidents & Costs: Proactive planning minimizes the likelihood and severity of breaches, thereby lowering out-of-pocket costs and uncovered losses.
Focus on specialized financial sectors
The program is uniquely structured to address the specific compliance and risk requirements of various financial subsectors:
- Banking & Credit Unions: Focuses on protecting customer data, payment systems, and meeting GLBA and examiner expectations.
- Accounting & Advisory Firms: Safeguards PII and financial records while aligning with client assurance and audit needs.
- Fintech & Payment Platforms: Secures cloud workloads, APIs, and third-party integrations critical to modern services.
- Investment & Portfolio Management: Works to protect sensitive portfolio data and trading systems.
Michael Mullin, president of IBS, highlighted the strategic value of the program. “Financial institutions run on trust and time-to-resolution,” Mullin said. “By pairing IBS’s sector-specific expertise with Antigen, our clients can demonstrate readiness to underwriters, cut friction in renewals, and turn better security outcomes into lower premiums—Resilience by Design.”
Steven Legg, co-founder & CEO of Antigen Security, affirmed the focused approach. “IBS understands the regulatory realities and multifaceted risks of banks, processors, and advisory firms,” Legg added. “Together we streamline underwriting and improve claim outcomes while lowering total cost of risk.”
