Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has partnered with Silicon Valley-based software company Zeguro, to address cyber security and risk management for small to medium-sized businesses (SMBs). Through its platform, Zeguro will serve as a virtual chief information security officer (CISO) to those who purchase Allianz’s cyber insurance coverage to further manage their cyber exposure and decrease the overall risk of financial loss following a cyber attack. This benefit will initially be available to U.S. clients, only.
According to the Ponemon Institute’s 2017 State of SMB Cybersecurity Report, hackers have breached 54 percent of all small businesses in the U.S., up from 50 percent last year. These smaller to medium-sized businesses, which often don’t have the revenue to afford their own IT departments, are especially susceptible to phishing attacks via email or fraudulent activity happening in their e-commerce storefronts.
Specifically, with Zeguro’s risk management platform, AGCS clients will have control and oversight of their digital world through a simple interface that guides clients through any areas of concern, while training its employees on best practices.
In 2016, AGCS introduced its next generation cyber and professional liability coverage product called ACCEPT Protect designed exclusively for the North American market. ACCEPT Protect offers individual or blended coverage for emerging threats across the cyber, media, technology and miscellaneous errors & omissions (E&O) markets.
Allianz Global Corporate & Specialty (AGCS) is the Allianz Group’s dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy for marine, aviation (incl. space), energy, engineering, entertainment, financial lines (incl. D&O), liability, mid-corporate and property insurance (incl. international insurance programs).
Zeguro, Inc. provides automated and tailored cyber risk mitigation and insurance services to SMBs.
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