small business cyber risk News

Markel Adds Cyber Security Tool WhiteHaX for Cyber Insurance Customers

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 Launches Admitted Cyber Product for Small, Medium-Sized Businesses

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 Workers Can Be Big Cyber Risk for Small Businesses

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 …

Cyber Security, Insurance Firm Coalition Raises $40 Million

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 …

Sayata Labs Raises $6.5M for Cyber Risk Underwriting Service

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 …

5 Questions to Ask Small Businesses to Uncover Their Cyber Blind Spots

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 …

Firms Using Connected Devices Not Worried About Increased Cyber Risk: Survey

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 …

New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses

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 …

CyberPolicy Expands Cybersecurity Offerings for Small Businesses

CyberPolicy, a wholly-owned subsidiary of CoverHound Inc. that offers an online cyber insurance and security product for small businesses, has unveiled a new set of complimentary offerings to help small businesses protect against cyber threats. The new “Plan. Prevent. Insure.” …

Allianz to Offer Small Business Cyber Risk Management Services Through Zeguro

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 …