Cyber Insurance for SMEs/SMBs

Digital Beachhead Introduces Cheap, AKA Cost-Effective, Cybersecurity for Small Businesses

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With nearly half of small businesses lacking a cybersecurity budget in 2021, and over half having no cybersecurity measures in place by 2022, small businesses are increasingly becoming low-hanging fruit for cybercriminals, according to SentinelOne. As cyber insurance and security become essential new costs, rather than replacements for other expenses, Digital Beachhead is offering an … Read more

Mea Culpa from RPS: Cyber Insurance Prices Not Going Up as Expected

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We’re fans of research from RPS/Risk Placement Services, the brokerage and MGA. Early this year, the firm predicted a correction in cyber pricing driven by factors such as increased fraud perpetrated by AI. But in its 2024 Q3 Cyber Market Update, RPS concedes the “market hardening” and price increases have not yet occurred. “Since the … Read more

Blumira and Trava Security Partner to Help SMBs Manage Cybersecurity Risks

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Blumira and Trava Security have announced a strategic partnership aimed at helping small-to-midsize businesses (SMBs) manage cybersecurity challenges, such as limited budgets, insufficient cyber-skilled training among employees, and the steadily growing number of cyber-attacks. The rise in cybercrime has led many companies to invest in cybersecurity software. However, smaller businesses often struggle to access sophisticated … Read more

Which Sectors Have the Highest and Lowest Cyber Insurance Penetration? A Survey from Sophos Has Answers

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The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber security coverage is found in the “Central/federal government” and IT, tech and telecom sectors. To be sure, even with the lowest penetration, these two sectors … Read more

Cork and DataStream Partner to Revolutionize Cyber Insurance for MSPs And SMBS

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Small and medium-sized businesses (SMBs) often struggle to manage their cybersecurity while also running their operations. Recognizing this challenge, Cork Protection, Inc. has announced a strategic partnership with DataStream to streamline cyber insurance policy underwriting and bolster cyber protection for Managed Service Providers (MSPs) and their clients. Paul Guthrie, Managing Director of DataStream, emphasized the … Read more

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