Assurant Partners With GamaSec To Bolster Cyber Security
Zacks Investment Research | Sep 26, 2016 11:08PM ET
Assurant, Inc. (NYSE:AIZ) recently joined forces with website security company, GamaSec, to significantly reduce the risk of potential cyber breaches faced by small and medium business websites.
GamaSec is a cyber-security company that helps its clients by lowering the risks and fortifying businesses against cyber breaches and other threats on their web applications. The tie up with Assurant has led to the introduction of GamaCyber, which is a combination of website security and limited data-breach warranty. Assurant will support the limited warranty issued by the cyber-security company with its new offering. Clients’ demands for cyber security and warranty protection at an affordable price have resulted in the creation of this offering.
The warranty offered will help businesses pick up pace after recovering from damages from the website or web application attacks. The warranty will help the businesses with costs associated with data restoration, customer notification, credit monitoring, public relations and more of up to $50,000.
Small and medium scale businesses are always vulnerable to data and cyber breaches. Being a risk management specialist, Assurant will be able to support these businesses through GamaCyber website security offering.
This partnership marks Assurant’s latest initiative in a slew of technology-based innovations undertaken for risk management. The multi line insurer remains committed toward deploying innovative products and services and adding new partnerships in future. Assurant will thus boost its growth and improve the quality of its services, which will be beneficial to its clients.
Currently Assurant carries a Zacks Rank #3 (Hold).
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