This company provides cyber insurance and risk mitigation services specifically tailored for small and medium-sized businesses. They offer comprehensive protection against financial losses resulting from cyber incidents, including 24/7 expert assistance before, during, and after an attack. Services cover areas such as system restoration, liability claims, business interruption due to downtime, and digital fraud.
Funding
$164.3K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, particularly small and medium-sized enterprises (SMEs), lack adequate financial protection against the increasing frequency and sophistication of cyberattacks, which can lead to significant income loss and operational disruption. Traditional cyber insurance solutions often involve complex risk assessments and lack proactive threat detection capabilities.
Solution
CYVI offers a cyber insurance platform that combines financial protection with active cyber threat monitoring to help businesses mitigate risks associated with cyber incidents. The platform provides coverage for losses resulting from ransomware attacks, social engineering fraud, and third-party liabilities stemming from data breaches. In addition to insurance coverage, CYVI delivers automated attack surface management and cybersecurity guidance to help businesses proactively identify and address vulnerabilities. The platform also offers 24/7 incident management support to provide rapid expert assistance during a cyberattack.
Target Audience
CYVI primarily targets SMEs seeking financial protection and proactive cybersecurity measures, as well as MSPs and insurance brokers looking to offer comprehensive cyber risk management solutions to their clients.
Features
- Cyber insurance coverage for ransomware incidents, social engineering fraud, and third-party liabilities
- Automated attack surface management to identify and prioritize vulnerabilities
- 24/7 incident response support with access to cybersecurity experts
- Continuous cyber threat monitoring and alerting
- Employee cybersecurity awareness training
- Automated and compliant insurance sales process for MSPs
- Streamlined cyber risk assessment for insurance brokers