DataStream Insurance Vulnerability Assessment
DataStream Insurance has seen the pendulum shift dramatically over the past 12-to-18 months from where it was relatively easy for SMB to get cyber insurance coverage to where there are more rigorous requirements for underwriting, said CEO Andy Anderson. DataStream has built assessment tools that help ensure SMBs get a positive reception from carriers when they attempt to get underwritten, he said.
Before agreeing to underwrite an SMB, he said carriers are increasingly scanning for vulnerabilities in the company’s website and email posture as well as historic losses the organization has taken from security incidents. If the snapshot of an organization’s risk posture isn’t pretty, Anderson said the SMB will receive a red flag, making it very, very difficult for them to get coverage.
Anderson said DataStream’s tools make the process of applying for insurance very simple for SMBs. The company partners with MSPs to understand what level of protection they’re providing across their portfolio of customers. DataStream then combines the information provided by the MSP with company-specific data around revenue, industry, and amount of coverage sought to position the SMB effectively.
