SAN FRANCISCO--(BUSINESS WIRE)--At-Bay, the InsurSec provider for the digital age, today announced new enhancements to its flagship security solution, At-Bay Stance™ - the world’s first integrated InsurSec platform designed to help mid-sized to small businesses address cyber risk head-on. At-Bay’s Stance Exposure Management platform helps to proactively address two-thirds (66%) of the security risks that impact At-Bay’s policyholders1, such as email security, remote access, and misconfigured or unpatched systems. This is all done through a single unified security platform provided with every surplus cyber insurance policy placed through At-Bay*.
“We believe the key to reducing cyber risk among mid-sized to small businesses is to provide them with a comprehensive insurance policy that also helps to proactively secure them against attacks with InsurSec,” said Thom Dekens, Chief Business Officer at At-Bay and General Manager of At-Bay Security. “At-Bay Stance keeps businesses ahead of the game by identifying, prioritizing, and mitigating the most critical security risks all through a single platform.”
At-Bay Stance is an integrated InsurSec solution that reduces cyber risk among businesses by purposefully closing the cybersecurity skills and technology access gap. With the new features, At-Bay Stance now supports the workplace tools that 95% of businesses use.
- Security Awareness Training is now included with Stance Exposure Manager and empowers businesses to train their employees on cyberattack prevention, such as with phishing testing2. Many mid-sized to small businesses aren’t doing cybersecurity training at all, and for those who are, it can cost over $14,000 per year3.
- Microsoft 365 and Google Workspace integrations. This feature alerts policyholders to critical email vulnerabilities that could put them at high risk of a breach. By helping businesses fortify their first line of defense with this new capability, At-Bay is helping to reduce the security risks associated with email, which represent over 40% of At-Bay customer claims.
In a recent research study by Omdia, analysts found that a critical component of cybersecurity best practice today is the implementation and adoption of “proactive security solutions”. These solutions search for indicators of exposure and recommend and perform actions to eliminate or mitigate those exposures before they are exploited.
Commenting on the study, Andrew Braunberg, Principal Analyst at Omdia said, “There is a clear expectation that proactive security capabilities will provide more value as part of an integrated platform. This requirement should drive both vendors and enterprises toward integrated suites of proactive capabilities that help to take a more strategic view of security solutions within the broader security stack.”
At-Bay safeguards $800B of business revenue in the US from across more than 35,000 customers. For more information about At-Bay Stance’s security capabilities, and the new features which are now available to existing and new policyholders*, visit this link - At-Bay Stance Exposure Manager.
About At-Bay
At-Bay is the InsurSec provider for the digital age. By combining world-class technology with industry-leading insurance and security expertise, At-Bay was designed from the ground up to empower businesses to thrive in the digital world. Our InsurSec approach provides end-to-end protection for modern businesses. It’s a force multiplier that includes security, threat intelligence, and human experts to close the SMB cybersecurity gap. At-Bay is backed by Acrew Capital, Glilot Capital, the HSB fund of Munich Re Ventures, Icon Ventures, ION Crossover Partners, Khosla Ventures, Lightspeed Venture Partners, M12, entrepreneur Shlomo Kramer, and Qumra Capital.
*Access to At-Bay Stance Exposure Manager is available to surplus Cyber and Technology Errors & Omissions policyholders via the Embedded Security Fee and corresponding Endorsement.
All statements for At-Bay, Inc. companies.
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1 Source: At-Bay internal claims data, evaluating first-party security risks
2 Access for up to 1,000 users included
3 Source: At-Bay market analysis of the total annual cost of a comparable solution based on 1,000 Users.
