A new partnership between QBE Insurance Group and cybersecurity management company Zeguro offers small and medium-sized business customers access to a virtual ‘Cybersecurity Officer’ to protect against their cyber exposures.
Zeguro’s online platform enables users to automate their cybersecurity processes, detect for and manage any cyber risks to their company, and improve mitigation through recommendations on better cyber management across people, processes and technology. Zeguro also helps small and medium enterprises (SMEs) secure tailored insurance against damage in the event of a cyber-attack.
Because many small and medium businesses lack the resources to invest in high levels of IT security or risk management they are left exposed to the risks of cyber-attacks, according to QBE Group Chief Operations Officer David McMillan.
The partnership with Zeguro allows SME customers to take control and oversight of their cyber exposure through an interface that automates cybersecurity processes and provides ongoing recommendations to reduce their overall cyber risk, he added.
The QBE partnership with Zeguro was the latest initiative of the Group’s venture capital arm – QBE Ventures – which makes targeted investments in start-ups that provide QBE with access to technically advanced and industry changing technology products.
Through this new partnership, QBE will work with the Zeguro team on an initial rollout of the platform in North America to create an insurance product that is designed specifically for small to medium enterprises.
QBE Insurance Group Limited is listed on the Australian Securities Exchange, is one of the top 20 global
Zeguro reduces and insures the threat from cyber security for small and medium enterprises, those with revenues less than $100 million, through its Cyber Safety Platform that acts as a cyber security officer, to identify risks, deliver best practices to reduce exposure, and provide insurance against damage caused by cyber attacks. The company was founded by two cyber security experts and is based in San Francisco with additional operations in the UK.
Topics Mergers & Acquisitions Cyber Commercial Lines Business Insurance
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