Cyber Insurance , Events , Fraud Management & Cybercrime

At-Bay: InsurSec Can Bridge SMB Cybersecurity Gap

Small to midsized businesses face many cybersecurity challenges, often compounded by limited budgets and resources. Traditional cybersecurity and providers also struggle to meet the specific needs of SMBs, failing to offer cost-effective solutions tailored to their requirements, according to Thom Dekens, chief business officer at At-Bay and general manager of At-Bay Security.

See Also: Developing a Next-Level Cyber Insurance Strategy

Introducing the concept of InsurSec, Dekens said it is a combination of cyber insurance and cybersecurity that provides end-to-end protection for modern businesses, including security solutions, threat intelligence and human experts to close the cybersecurity gap - all as part of a cyber insurance policy.

"We offer the highest levels of SLAs so that your small business has the security of the enterprise, and we removed the complexity for you and created the service model so that we engage the way that the IT team of the SMB to midmarket needs to be engaged with," he said.

In this video interview with Information Security Media Group at RSA Conference 2024, Dekens also discussed:

• How InsurSec helps mitigate cyber risks and safeguard assets better than stand-alone insurance and security solutions;
• The unique empirical evidence InsurSec offers on the effectiveness of specific technologies such as email security, backups and VPNs;
• The threat posed by ransomware, with remote access serving as the primary entry point for more than half of attacks in 2023.

Prior to At-Bay, Dekens served as the vice president of strategy and corporate development at Forescout Technologies. He has also held senior leadership roles at Boston Consulting Group and PricewaterhouseCoopers.