HSB acquires cybersecurity platform for small businesses

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By Zachary Comeau

Hartford-based specialty insurer Hartford Steam Boiler has announced it has acquired a digital cybersecurity platform from security and insurance solutions provider Zeguro, adding a suite of cyber risk management tools designed for small businesses to its offerings.

The move brings Zeguro Cyber Safety Solution and key personnel to the cybersecurity services of HSB, strengthening the firm’s cyber insurance products.

According to HSB, the platform provides small and mid-size businesses with integrated online access to cybersecurity training, compliance policies and web app monitoring to identify their vulnerabilities.

Adding Zeguro Cyber Safety Solution and that company’s cybersecurity experts will help HSB and its customers keep pace with evolving cyber threats, according to a statement from the company.

“A business needs both cyber insurance and security,” said Timothy Zeilman, vice president for HSB, part of Munich Re, in a statement. “The combination of HSB’s cyber coverage and Zeguro’s proven risk management platform offers a seamless experience for our customers to get the protection they need.”

“We’re excited to join HSB and Munich Re,” said Sidd Gavirneni, Zeguro founder and chief executive officer. “It’s a great opportunity to enhance the Zeguro Cyber Safety Solution while creating unique insurance protection for small businesses.”