HARTFORD, Conn.–(BUSINESS WIRE)–HSB Cyber Suite, a comprehensive cyber insurance coverage designed for
small to mid-sized businesses and other organizations, has been
introduced by The Hartford Steam Boiler Inspection and Insurance Company
(HSB), part of Munich Re.
Because there are multiple types of cyber risks, HSB Cyber Suite
combines a range of cyber insurance coverages and services for data
breach, identity theft and cyber attacks, including malware, viruses,
ransomware, cyber extortion and social engineering schemes.
“Hackers and other cyber criminals can attack a business in many ways
that make small to mid-sized companies vulnerable,” said Timothy
Zeilman, HSB vice president. “Cyber risk is like a ‘hydra,’ the mythical
multi-headed snake: cut off one head and you’re confronted with new
ones.”
Half of U.S. businesses (53 percent) experienced a cyber attack in the
past year, according to a study conducted by Zogby Analytics for HSB. Of
those companies, 72 percent spent $5,000 or more to respond and 38
percent…
