Kaseya, Cysurance Team for Enhanced Compliance and Cyber Risk Solution

Kaseya and cyber insurance provider Cysurance just announced a partnership to give MSPs the ability to help their growing customers better manage regulatory and online risks.

This is especially relevant in an era where upwards of 80% of small to midsized businesses will face a cyberattack and must carefully document and remediate their compliance processes. But those relying on outdated, manual compliance procedures are at risk of facing fines for noncompliance. 

By bundling Kaseya Compliance Manager, the first and only purpose-built compliance process automation platform, with Cysurance’s cyber policy underwritten by Chubb (an insurance services provider), MSPs can offer customers greater value and increase recurring revenue. This reduces the risk of fines for noncompliance and provides remediation and reimbursement after a cyber incident.

Kaseya Compliance Manager allows MSPs to automate and simplify compliance for their customers, and the joint cyber insurance module helps them fulfill unique policy conditions that will continue to be invaluable in light of GDPR, CCPA, NY Shield, HIPAA and increasing regulations.

Kaseya’s Max Pruger

“Kaseya Compliance Manager delivers compliance-as-a-service and cysurance delivers cyber-insurance-as-a-service,” said Max Pruger, general manager of compliance at Kaseya in a press release. “This partnership gives MSPs a value-added offering that provides their customers not only with the tools to satisfy insurance policy conditions but also cost-effective, robust coverage to help them recover in the event of a breach.”

Cysurance’s Kirsten Bay

Kirsten Bay, co-founder and CEO of Cysurance, echoed Pruger’s sentiments.

“We’ve created a product that gives MSPs the ability to be their clients’ one-stop shop for the cyber risk management trifecta of effective cybersecurity, cyber governance and cyber insurance.”

Eighty percent of small and medium businesses worry they will be the victim of a cyberattack, and 93% are willing to change MSPs if offered enhanced cyber services. This new partnership with Kaseya Compliance Manager and Cysurance is certainly a move to watch as the stakes continue to get higher.