Cyber Insurance for SMEs/SMBs

Who’s Paying the Most for Cybersecurity Insurance? Advisor Smith reports Highest Cyber Insurance Premiums by Industry, Plus State Info 

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Good summary, linked at bottom, from @ElanaAshanti based on detailed research from Adrian Mak @AdvisorSmith. We view the data as indicative/directional due to cohort of companies* analyzed (see below). Top 5 industries by cost of cyber insurance* for a small business, according to Advisor Smith analysis: Payment Processing $2,449 Financial Services (other) $2,429 Investment Services … Read more

Embroker Offers New Cyber & Crime Business Insurance Products; Its Survey Shows Small Biz Underinsured for Cyber

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“(A)” sizable portion of small business owners think they are less at risk for such (cyber) attacks. According to a forthcoming study conducted by Embroker, 63 percent of small business owners believe they are unlikely to face a ransomware attack. The same study showed that only 28 percent of these business owners have coverage for … Read more

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