Cyber Insurance for SMEs/SMBs

Capito, Hickenlooper Reintroduce Bipartisan Cyber Insurance Bill for Small Businesses

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Senators Shelley Moore Capito (R-W.Va.) and John Hickenlooper (D-Colo.) reintroduced the bipartisan Insure Cybersecurity Act to safeguard small businesses against rising cyber threats. According to Accenture’s Cybercrime study, nearly 43% of cyber-attacks target small businesses, yet only 14% feel adequately prepared despite spending between $826 and $653,587 per incident. As many know, 95% of breaches … Read more

Cowbell Cyber Touts Customer Numbers

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The pure-play insurtech Cowbell Cyber, which offers what it calls the “first continuous underwriting platform for cyber insurance,” has become a well-known brand in the cyber insurance sector since its founding a bit over five years ago. Last year the company expanded its solutions to clients with up to $1 billion in revenue and has … Read more

BiBerk Highlights Elements of Cybersecurity Incident Response for Small Business

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In our podcast’s debut episode, we explored small business cybersecurity and insurance, highlighting the evolving nature of cybersecurity resilience. Criminals, cyber and otherwise, often see small businesses as easy targets due to challenges in maintaining strong defenses. Threats constantly adapt, and businesses must keep pace. We seek to pass on things we see that might … Read more

New Cyber Insurance Option for Start Ups & SMBs from Coverdash, Via Lending Tree

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Coverdash, the insurtech broker, is now offering cyber insurance, and other covers, to start ups and SMBs via LendingTree, the large market place for business and other loans. “This strategic collaboration expands LendingTree’s suite of financial products for small to medium-sized businesses (SMBs), providing them with an efficient and streamlined way to obtain business insurance … Read more

The Kids Are Alright: Startups Strengthen Cybersecurity

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Suppose startups are the kids of the business world. In that case, the latest Embroker report suggests they’re growing up fast when it comes to startup cybersecurity. Among the findings in the 2024 Cyber Risk Index? That 93% of startups now carry cyber insurance. This is an obvious sign of increasing maturity in addressing cyber … Read more

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