New Cyber Cover Product For SMEs Launched

Launching today, small-to-medium enterprises faced with fighting a 65% year-on-year global increase in ransomware attacks can now easily and affordably fortify their cyber resilience with the new and innovative Cyber Security as a Service (CSaaS) Solution from Stubben Edge Group’s newest partners, IT Governance.

While cybercrime continues to grow exponentially in this hybrid working world, organisations of all sizes face a severe cybersecurity talent drought. The supply of available, qualified security professionals is insufficient, and the competition for services has dramatically increased – so far 2021 has seen an estimated 4.07m cyber security jobs left unfilled.

With the lack of talent pushing prices up to sums that only large corporations can afford, most SMEs have been left vulnerable and
insufficiently secured in a landscape that requires 24x7x365 protection against these growing cyber threats. The new and cost-effective CSaaS solution enables SMEs to fight back and strengthen their cyber security with a comprehensive monthly package which immediately gives them access to their own dedicated team of experts, tools, training and 24x7x365 support. For additional peace of mind, specialised cyber insurance is built into each package and covers up to £500,000 for network interruption, loss of income, cyber extortion, potential damages, and claims expenses.

Chris Kenning, CEO of Stubben Edge, says: “We are very excited to bring our insurance expertise to this ground-breaking new service from IT Governance. A cursory glance at global headlines, not just in the cyber-security industry, is enough to cause anxiety to even the most conscientious business owner. The pandemic accelerated the growth of the hybrid working model which, in turn, has highlighted the increasing danger to businesses and individuals from hackers and cyber-terrorists, especially for small to medium enterprises.

“With hackers continually innovating to beat security measures and despite the world-leading resource, expertise and training supplied by ITG, there will always be times when a break or a ransomware attack leads to business interruption and potential destruction. The addition of
insurance to the solution means additional peace of mind for subscribers that they can pay for legal advice, assistance with regulatory issues or reputational support, while the IT experts get the business back to full fitness.”

Alan Calder, (pictured) Founder and Executive Chairman of IT Governance, adds: “Cyber criminals don’t take time off in the evenings or over weekends, which means organisations of all sizes need to be prepared with cyber security practices that protect their business 24/7. Until we can rectify the talent drought we’re currently witnessing in the industry, only large corporations will be able to afford to have an in-house cyber security department or run sufficient training schemes – which leaves SMEs insufficiently resourced, vulnerable and an easy target for cyber criminals. We’ve already seen a significant increase in cyber-crime this past year, with remote working making SMEs an even easier
target – and we believe something needs to be done to make comprehensive cyber security accessible for organisations of every shape and size. CSaaS is that solution – it is essentially an extension of an organisation’s IT department – it is a cost-effective, pre-packaged and all-inclusive cyber security team that works 24x7x365 to make sure organisations are, and continue to remain, cyber secure, at home, in the office, wherever in the world they work.”

Starting from £1,250 per month, IT Governance’s CSaaS solution provides:

• Dedicated cyber security experts that will provide direction and guidance on how to secure
an organisation based on an initial assessment of its cyber security posture.
• Continuous vulnerability scanning and assessments to spot weaknesses that crop up both
inside and outside an organisation, so remedial action can be deployed immediately
• Ongoing staff awareness training to reduce the threats that staff can pose both working
remotely and in the office.
• Cyber incident response management planning to help organisations identify and treat
incidents, and quickly return to business as normal
• Emergency legal support should an organisation suffer a data breach or cyber attack
• Specialised cyber insurance cover of up to £500,000
• Pre-written policy and procedure templates to ensure documentation is complete and in
line with best practice.
• An unlimited cyber security advice line for day-to-day peace of mind.
• A knowledge pool of newsletters, webinars and security updates to share with staff, senior
management and stakeholders.

IT Governance’s CSaaS solution starts from £1,250 a month and is available in small, medium and corporate-sized packages.

About alastair walker 12109 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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