SAN FRANCISCO, Jan. 7, 2021 /PRNewswire-PRWeb/ -- Zeguro (https://zeguro.com), a cybersecurity startup based in downtown San Francisco, today announced enhancements to the cyber insurance offered on their platform, which includes new coverages that provide further protections in the event of a cyber attack.
In addition to payment fraud, ransomware attacks, regulatory fines, media liability, network security liability, and more, cyber insurance policies offered by Zeguro now include several additional coverages such as:
- System Failure for business income loss resulting from unintentional computer system outages, not from a computer attack, lasting more than eight hours.
- Future Loss Avoidance for improvements to a customer's computer system following an attack to help prevent future losses.
- Computer Fraud resulting in payments being misdirected.
"We're excited to provide new coverages that address today's cyber exposures for small to medium-sized businesses," said Sidd Gavirneni, CEO and co-founder of Zeguro. "Data breaches can be extremely expensive. In fact, according to the Ponemon Institute's 2019 Global State of Cybersecurity in SMBs, the average cost of a data breach was $3.1 million. Thus, it's essential for SMBs to have comprehensive cyber insurance to protect them from potential financial and reputational harm resulting from a cyber attack."
For over two years now, Zeguro has uniquely offered a holistic cyber risk management solution for SMBs with their Cyber Safety tools, which include employee security training, web vulnerability scanning, and security policy management, as well as an admitted standalone cyber insurance product which provides comprehensive cyber coverage for the financial exposures resulting from a cyber attack.
To ensure that clients understand their cybersecurity gaps, all applicants get a complimentary website security scan when they fill out Zeguro's online quote form. The scan discovers security weaknesses that can lead to a cyber breach. Once clients have an active policy with Zeguro, clients get free access to all three components of Cyber Safety on the Starter Plan. Regularly using these tools will help clients secure their organizations. Companies that have better cybersecurity may receive more favorable policy terms.
Zeguro provides holistic risk management to organizations of all sizes through its integrated cybersecurity and cyber insurance solutions, which include a suite of Cyber Safety tools for risk mitigation and compliance, as well as comprehensive cyber coverage for the financial exposures resulting from a cyber attack. Zeguro is a cyber specialist underwriter for HSB, part of Munich Re. HSB is a multi-line specialty insurer with a 150-year history and A.M. Best Company's highest financial rating, A++ (Superior).
To learn more about Zeguro, please visit: zeguro.com.
Ellen Zhang, Zeguro, +1 2102438740, [email protected]