Cyber insurance provider At-Bay has announced the launch of a new InsurSec solution to help small-to-mid sized businesses (SMBs) improve their security and risk management postures through their insurance policy. The firm describes the At-Bay Stance platform as a “world’s first” that aims to addresses major security technology and skills access gaps by centralizing and prioritizing risks, along with providing expert support to mitigate threats – managed in conjunction with cyber insurance coverage.
The emergence of InsurSec technology reflects a cyber insurance landscape that has seen significant change recently. As the frequency and severity of ransomware, phishing, and denial of service attacks have increased, demand for and conditions relating to coverage have evolved. Policies are becoming more diverse, complex, expensive, and harder to qualify for, presenting CISOs and their organizations with new challenges and considerations for optimal cyber insurance investment.