Businesses Must Take Steps to Mitigate Their Cyber Risks

Cyber insurance provides robust financial protection to businesses if they incur a data breach and is an essential part of any risk management plan, according to a video released today by the Insurance Information Institute (Triple-I) Cyberattacks and data breach-caused losses are the top risks facing businesses, a global survey of company directors by Willis Towers Watson and Clyde & Co. found. “Insurers and businesses need to be partners in mitigating the risks posed by cyberattacks,” said Sean Kevelighan, CEO, Triple-I.  “Governments also must...

BOXX Insurance announces the launch of Virtual CISO (vCISO)

Fast-growing cyber insurance start-up BOXX Insurance today announced the launch of Virtual CISO (vCISO), an enhanced service that makes it easier and more affordable for small to mid-sized businesses (SMEs) to stay ahead of crippling cyber outages. BOXX vCISO signals the development of BOXX as a ‘first of its kind’ cyber insurer for Canadian businesses that provides an all-in-one solution: advisory services, managed cyber security and cyber insurance. Recent research reports the number of cyberattacks against SMEs in...

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