Sontiq - Achievement in International Expansion

Company: Sontiq, Nottingham, MD
Company Description: Sontiq is an Intelligent Identity Security company arming businesses and consumers with award-winning products and services built to protect what matters most. Sontiq’s brands, IdentityForce, Cyberscout and EZShield provide a full range of identity and cyber monitoring solutions, best-in-class restoration, and response products and services.
Nomination Category: Achievement Categories
Nomination Sub Category: Achievement in International Expansion

Nomination Title: Sontiq Expands Identity & Cyber Protection Worldwide

Sontiq’s intelligent identity security solutions focus on protecting every component of an identity in today’s volatile digital world where security incidents, cyber threats, and data breaches are the norm. This ironclad protection is at the core of Sontiq. As a company with two rich heritages from EZShield + IdentityForce, there’s strength in partnership with Sontiq for those who believe that security and privacy of confidential information, both at the individual and business level, must be continuously protected.

In March 2021, Sontiq acquired global cyberinsurance company Cyberscout, further building upon its world-class product platform, expanding into the insurance industry with products and services around cyber solutions and forensic investigation services. Additionally, both Sontiq and Cyberscout have built strong, repeatable successes within the Employee Benefits sector, mutually focused on delivering competitive packages to help brokers and organizations protect global employee populations from cyber threats and identity crimes. With Cyberscout, and Sontiq’s IdentityForce and EZShield, an ever-growing community benefits from best-in-class products and services that define identity theft and cyber fraud protection. As a result, Sontiq has exponentially increased its global footprint, protecting identities in more than 170 countries, which includes 770,000 business customers, 22 million households, and 49 million individuals.

Sontiq’s major achievements since the beginning of 2019 include rebranding as a new global company, with the IdentityForce and EZShield brands as product offerings, and then in March 2021, welcoming the Cyberscout brand into its product portfolio. With the addition of Cyberscout, Sontiq’s penetration in the B2B2C and B2B sales channels (i.e., insurance and reinsurance) has grown exponentially, while also infusing an expanded global presence.

Through its Cyberscout brand, Sontiq has helped its partners be first-to-market with cyber insurance offerings in Sweden, Vietnam, Taiwan, Philippines, Netherlands, and South Africa. Sontiq’s global launches include Länsförsäkringar, the largest non-life mutual insurer in Sweden. Additionally, Sontiq has global customers throughout Asia, Europe, Africa, Australia, and the UAE. Sontiq also works with the majority of global reinsurers, including industry giants such as SwissRE and MunichRE. Sontiq’s most recent international partnership is with the largest mutual insurance company in the Netherlands, Univé. In May 2021, Univéenhanced cyber protection for its 1.1 million policyholders, giving them immediate access to Sontiq’s cyber insurance and cybercrime services.

From a technology standpoint, Sontiq launched its Business Suite for small business ID and fraud protection in 2019. Then, later in 2020, the company further increased its competitive advantage through differentiated capabilities by launching its cloud-based, Intelligent Identity Security (IIS) platform. Additionally, in early 2021, Sontiq launched its proprietary next-generation products, including patent-pending RepIQ™, built with an artificial intelligence (AI) identity and reputation engine, and BreachIQ™, delivering an AI-driven and patent-pending, first-ever individual-specific data breach threat score.

Essentially, all the achievements highlighted have defined Sontiq as the leading cloud-based digital safety and security company. Sontiq offers a full range of identity fraud, data breach protection, and cyber threat monitoring with incident investigative, forensics, and restoration products and services. Sontiq has also future built its global expansion by providing a best-in-class, tech-enabled platform, Intelligent Identity Security (IIS), that digitally supports all lines of business and channels. As a result, Sontiq has increased its revenue by more than 50% annually.

In terms of the company’s global expansion through its Cyberscout brand, Sontiq has welcomed new partnerships with insurers/policyholders. In large part, this success is due to Sontiq’s cyber risk expertise, which has attracted top-tier insurance providers around the world. Unlike any other provider in the industry, Sontiq’s Cyberscout product is embedded into its partners’ insurance offerings.

In addition to Sontiq’s cyber insurance products, Sontiq’s 24/7 access to live cyber fraud experts is priceless for policyholders. This isn’t an average “call center” experience; policyholders are connected with trained cyber experts when they’re in a crisis or trying to avoid one.

This level of expertise and service matters to Sontiq’s global customers like Univé, which embedded its cyber solution into all small business and personal lines at once. That is virtually unheard of in the insurance world, where coverage is typically awarded once a policy comes up for renewal. Sontiq ultimately empowers its partners to protect what matters most, while empowering them to take bold, significant market-leading action.

The following links offer further details on Sontiq and our global expansion: