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July 31, 2019updated 01 Aug 2019 11:52am

Foresite introduces cyber insurance offering for SMBs

Foresite, a US-based managed security, cyber consulting, and compliance services provider, has expanded its services portfolio with the launch of cyber insurance coverage SMBs.

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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

The new cyber coverage, according to Foresite, will fill the widening gaps businesses have with their existing coverages as cyber risks continue to escalate.

Underwritten by an undisclosed insurance carrier, the new product offers $250,000 of cyber liability protection.

It protects against the most pressing issues facing businesses such as increasing ransomware attacks, social engineering, telecom fraud, data breaches, regulatory compliance and liability issues.

Apart from insurance coverage, the company will offer its customers round the clock breach hotline with specialist attorneys, forensics, legal defence, crisis management and identity theft management.

Foresite president Marc Brungardt said: “A large majority of organizations lack cyber coverages, especially SMBs.

“Even larger organizations can benefit from additional cost-effective coverage to offset expensive deductibles. Cyber insurance is a quickly expanding industry as companies are scrambling to mitigate growing risks.

“Cyber extortion attempts alone have increased by more than 100% in just the last year. Adding cyber insurance to our managed security and compliance solutions bolsters our value to our customers while adding peace-of-mind.”

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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