Tag: insurance

CyberFortress Launches New Business Downtime Risk Assessment
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CyberFortress Launches New Business Downtime Risk Assessment

CyberFortress is one step closer to offering full cyber insurance services. The insurance technology startup has launched its downtime risk assessment as a free service to help e-commerce companies reduce their risks from an event that leads to downtime.CyberFortress will eventually offer cyber insurance policies designed for small- and medium-sized companies.“The main cyber threat facing e-commerce companies is downtime. A DDoS attack, ransomware, or even a service provider outage or failure can be devastating to an e-commerce company,” stated CyberFortress chief executive Huw Edwards. “If a small e-commerce company can’t collect revenue, they may not be able to make their next payroll, threatening their ability to survive.”Most insurance providers tend to tailor their cyber i...