DB Insurance is collaborating with security firms and small business associations to support the prevention of cyber incidents and recovery from damages for small and medium enterprises (SMEs).
On October 21, DB Insurance announced that it has signed a memorandum of understanding (MOU) with the Innoviz Association and SK Shieldus to enhance the cyber risk response capabilities of SMEs.
This agreement aims to improve the response capabilities of SMEs, which are vulnerable to cyber incidents such as hacking, ransomware, and personal data breaches.
SMEs often struggle with accident prevention and face challenges in responding to and recovering from incidents due to a lack of specialized personnel and security investment.
To address this, the three organizations plan to establish a support system that integrates cybersecurity services with insurance. They intend to expand their support range for Innoviz Association members from incident prevention to response, loss compensation, and business recovery.
Additionally, they will continue to collaborate to develop customized security and insurance services that reflect the needs of their members and enhance the cyber risk management capabilities of SMEs.
A representative from DB Insurance stated, "Cyber risk is a significant threat that can impact overall business management. We will leverage SK Shieldus's security expertise and the Innoviz Association's support network for SMEs to help businesses systematically prepare for cyber risks through our risk management and insurance compensation capabilities."
* This article has been translated by AI.
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