What:
Cyberwrite, a leading provider of cyber insurance Artificial Intelligence (AI) solutions, has announced a strategic partnership with MAPFRE to fortify cybersecurity for their clients.
Why:
- The move comes as the cyber threat landscape intensifies for businesses of all sizes, especially SMEs, as revealed by the latest statistics from Statista. The cost of cyberattacks surged to $8.44tn by the end of 2022 and is projected to triple to $23.84tn by 2027.
- Many small businesses just can’t afford effective cybersecurity programs, so they don’t have the resources to protect themselves and don’t understand the risk.
How:
- Cyberwrite will provide MAPFRE with a cyber insurance risk platform tailored for SMEs, integrating real-time cyber risk analysis using its advanced 4SEEN algorithm. This AI-driven approach enables instant generation of multilingual reports, empowering the French firm to assess individual SMEs’ risk levels and guide them in fortifying cybersecurity gaps.
- Cyberwrite will offer data analytics and risk reports offer MAPFRE and its customers digestible information about where exposures are, but more importantly AI predictions help users understand what the findings actually mean from a cyber insurance policy perspective in terms of risk and industry benchmark.