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Guardz Launches to Secure and Insure Small Businesses from Rising Cybersecurity Threats
January 2023 by Marc Jacob
Guardz launched from stealth to secure and insure small companies across the globe, filling an increasingly critical market gap amid a rising tide of cyberattacks. Guardz has raised $10 million in seed funding led by Hanaco Ventures, with participation from iAngels, GKFF Ventures, and Cyverse Capital. The funding will allow Guardz to expand its product, develop its cyber insurance line of business, and scale its go-to-market distribution channels.
Small businesses are the backbone of the U.S. economy, creating countless jobs, supporting local communities, and providing crucial services. Yet these small companies seldom have access to the same cybersecurity personnel, expertise, and resources as large enterprises. Most available cybersecurity solutions are too cumbersome to deploy, too complicated to understand and maintain, and too costly to obtain. As a result, small businesses are often left unprotected and without cyber insurance, making them prime targets for malicious cyber actors. Recent years have seen 43% of cyberattacks aimed at small businesses with nearly $7 billion in reported losses, resulting in service disruption, reputational damage, and revenue loss, and often leading to the permanent closing of doors.
The Guardz all-in-one platform is purpose-built to provide real-time cybersecurity protection and insurance for small companies, many of whom sit in high-risk industries possessing sensitive data, such as law, healthcare, financial services, retail, and more. The accessible solution propels businesses from zero or low cyber protection to comprehensive security, defending against the top attack vectors including: cloud applications, web browsing, cyber awareness, devices, emails, and compromised data. The Guardz platform automatically monitors a company’s external and internal digital footprint to continuously analyze cybersecurity risks and remediate threats at the click of a button from one dashboard. Guardz also makes cyber insurance accessible to small businesses who were previously ineligible due to a lack of comprehensive cybersecurity protection.
