Cybersecurity firm offers users reimbursement for ransomware infections

Security firm SentinelOne is confident it can beat any of today’s ransomware -- and is willing to put money behind that claim.

The company is offering a new service that will cover up to $1 million in damages for any customers infected by ransomware.

SentinelOne is calling it the “Cyber Threat Guarantee” and treating it like an extended warranty that customers can buy starting Tuesday.

However, the company is convinced it won’t have to make any pay outs, said Jeremiah Grossman, its chief of security strategy. SentinelOne’s failure rate in stopping ransomware attacks is “way less than 1 percent,” he said in an interview.

During the times its security did fail, the client’s computer hadn’t been running the latest version of SentinelOne’s software, he added.

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