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At-Bay Unveils Combined Cybersecurity, Cyberinsurance for SMBs

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At-Bay has announced At-Bay Stance, an InsurSec solution designed to help small and medium-sized businesses (SMBs) close their security technology and skills access gap through a single cyber insurance policy, according to the company.

InsurSec combines cyber insurance and security, At-Bay noted. The solution consists of prevention and detection technology, the expertise of cyber professionals and the support of an insurance company to help businesses manage cyber risks.

At-Bay CEO Rotem Iram commented on InsurSec and what it means for SMBs:

"A fragile technology stack and complex security tools require budgets and expertise that small businesses simply cannot afford. By combining insurance with security into InsurSec, At-Bay brings the incentives, scale and expertise needed to bridge the SMB cybersecurity gap."

At-Bay Stance is the world's first InsurSec solution, the company noted. It helps SMBs identify and mitigate cyber risks through a single cyber insurance policy.

What At-Bay Stance Offers

At-Bay Stance includes:

  • Exposure Manager: This platform lets SMBs integrate their existing security controls with At-Bay's external scans to centralize their threat and vulnerability data.
  • Managed Security: SMBs can access At-Bay experts that provide intelligence-powered recommendations on what to do to stop cyberattacks.
  • Response & Recovery: At-Bay identifies the root cause of an SMB's security incident, evaluates its impact and develops a plan to help the business recover from it.
  • Partner Network: SMBs can receive discounts on third-party security products and solutions.

At-Bay Stance will be available to At-Bay customers purchasing a new Cyber or Tech E&O excess or surplus policy beginning May 1, 2023 and to those renewing their policies starting August 1.

At-Bay's Admitted CyberInsurance for SMBs

The At-Bay Stance release comes after At-Bay in January 2023 launched an admitted cyber insurance product to address the insurance and security needs of small businesses, according to the company.

At-Bay offers admitted cyber policies written through Clear Blue Insurance Company and Clear Blue Specialty Insurance Company, the business said. Admitted cyber policyholders can access At-Bay's Security Report and Active Risk Monitoring services. They also can receive support from At-Bay's claims team and the same preferred cyber response providers offered to the company's surplus policyholders.

Businesses can use At-Bay's cyber insurance and security products to protect against cyber risk. At-Bay has secured at least $292 million in funding and had a valuation of $1.35 billion as of October 2021.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.