THE INNOVEO Cyber® Ecosystem
For insurance carriers and brokers. Cyber Risk Platform for SME Markets
The Leading No-code
Cyber Risk Platform for SME Markets
Cyber insurance for the SME market is one of the fastest-growing insurance segments due to the rapid escalation of cyber-attacks. 43% of all cyber-attacks target small businesses with the point of entry frequently being the company’s website. Due to the prolonged pandemic causing the shift to remote work, resulting in an increased digital footprint for SMEs worldwide, the need for cyber insurance will continue to accelerate.
Cybercriminals know most SMEs lack adequate digital security protection due to lack of knowledge and the unwillingness to invest in security measures. Many mistakenly believe they are too small to be the victim of cyber-crime. As businesses become increasingly digital – cyber-attack risks are expected to escalate disproportionately.
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