Throughout 2020 and 2021, the number of cyberattacks against mid-sized businesses increased by at least fifty percent. With attacks on the rise, cyber insurance has become an essential for businesses to be able to operate effectively and profitably. Until now, companies were facing a complex, time-consuming application and approval process with soaring prices — recent research shows cyber insurance premiums have increased upwards of fifty percent, with some quotes jumping closer to one hundred percent.
“When you have great security, why isn’t that recognized by the insurance industry? We want to connect the two and solve the broader risk challenge for organizations,” said
