DataStream to Expand Reach, Provide Cyber Insurance Policy Options to Canadian MSPs and SMBs
Sunnyvale, CA (Aug. 3, 2022) – DataStream Cyber Insurance is broadening its offering to now include policy coverage north of the U.S. border. The company’s move into Canada advances its international efforts to help MSPs better protect their diverse clientele from today’s online risks.
A continued increase in cyberattacks in recent years[1] has many CISOs looking at more holistic security options. Simply put, with cybercrime ripping through businesses, today’s approach to cyber security must extend beyond IT departments. Companies must protect information on loading docks, in remote workers’ home offices, and even in C-suites.
“Modern businesses need to fully understand their cyber risks and vulnerabilities,” said DataStream CEO Andy Anderson. “Our comprehensive suite of tools — including our Cyber Insurance Readiness Assessment and Partner Risk Reports— will help Canadian MSPs and SMBs assess and remediate their risks in a new and profound way.”
DataStream specializes in securing policies that protect small and medium-sized businesses (SMBs) — including MSPs, MSSPs and other IT consultants — from first- and third-party losses. The provider’s cyber liability coverage prepares customers pre-incident by assessing their overall cyber security position, giving guidance on risk mitigation and providing up-to-date metric analyses on cyber vulnerability. In the event of a breach, the company coordinates a fast and effective response with the client, the carrier and its network of experienced on-call responders. Post-incident coverage can include threat response and remediation — including legal fees, tracing, IT forensics, crisis media relations and necessary support for regulators and authorities.
These services are now available in all Canadian provinces and territories except Quebec. The company is working to provide coverage in that region in the near future.
“DataStream helps MSPs navigate hard customer conversations surrounding cybersecurity,” adds Joe Randall, DataStream Director of Sales and Revenue Operations. “The tools we make available to our partners give them the insight they need to best position SMBs for appropriate coverage while simultaneously creating new business opportunities.”
Representatives from DataStream will be attending the ASCII MSP Success Summit in Toronto on July 27-28 to celebrate its expansion into the country. Summit sessions start at 11 a.m., where MSPs can network with other business owners, gain access to technology vendors, learn the best industry practices and stay current with the latest trends. DataStream will continue to be involved in future Canadian channel events as well.
“More companies are realizing the potential catastrophic implications of going day-to-day without protection,” Randall said. “83% of SMBs are not prepared to financially recover from a cyberattack,[2] so informing businesses of this danger is important. People’s information needs protections in place before it’s too late.”
Notes
1. Forbes, “Alarming Cyber Statistics For Mid-Year 2022 That You Need To Know” (Jun 3, 2022).
2. CRN, DataStream: Having A Cyber Insurance Partner Can Change The Conversation (February 28, 2022).
About DataStream Cyber Insurance
DataStream Cyber Insurance offers the most comprehensive cyber insurance coverage on the market, along with full cyber security assessments, data analyses of cyber risk in financial terms, and cyber security training. The company currently provides coverage in the United States and Canada, for both first- and third-party losses. DataStream also provides essential financial, legal and technical support in the wake of an incident — and helps businesses to quickly get up and running again. Make DataStream part of your business continuity plans today. For more information, visit datastreaminsurance.com.
Source: DataStream via CommCentric Solutions
Tags: Cyber Insurance, cyber security, small business
