Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering. Unfortunately, these adjustments have come with increased risks. According to a 2022 report from …
The idea that cyber criminals only target large companies with a wide footprint and more assets is “profoundly wrong,” experts say, as cyber attacks are becoming a growing threat for small and medium-sized firms. “A lot of them think, ‘Well, …
Markel, a cyber liability insurer, has added a risk management tool for its cyber insurance policyholders. WhiteHaX, a cyber risk testing and reporting tool, simulates cyber security breaches and assesses the readiness of deployed security infrastructure and software. Markel says …
Great American Insurance Group has launched an admitted cyber risk insurance product, the Risk e-Business Cyber Loss & Liability Insurance Policy featuring two insuring agreements and only 13 exclusions. According to Betty Shepherd, Divisional senior vice president of Great American …
Remote employees place businesses at risk, yet many small business owners are not properly mitigating potential cyberthreats, nor are they adequately protecting their employee platforms, a new report says. As work-life and technology continue to evolve, a growing number of …
Coalition, a San Francisco-based cyber insurance agency for small and midsize businesses, said it has closed a $40 million funding round. Ribbit Capital led the investment with participation from Greenoaks Capital and Hillhouse Capital. With this new funding, Coalition said …
Tel Aviv-based Sayata Labs has raised $6.5 million in seed funding for its cybersecurity and data science capabilities that give insurers and brokers the ability to assess the cyber risk of small and medium sized businesses and provide these businesses …
In an increasingly digital world, it’s important that small businesses don’t get left behind when fending off cyber threats. While a recent study by Forbes Insights and The Hanover shows that most small business owners recognize they are exposed to …
Business that use artificial intelligence, drones, robotics, wearable sensors or other connective technologies can increase their chance of being a cyber attack victim because these technologies give cyber criminals new access points into a company’s IT infrastructure if not properly …
Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and medium-size enterprise (SME) clients. According to Annamaria Landaverde, vice president and …
