Spin Technology releases cyber liability insurance product

Spin Technology has released a cyber liability insurance service to help companies cope with the rising threats online.

The solution will be available to SpinOne customers to safeguard themselves from a cyberattack, with $100,000 in cover. The policy offers breach crisis response services and helps following the event of loss or damage of electronic data.

Spin cites research that claims 76% of US businesses have experienced a cyberattack in the past year.

Spin Technology founder and CEO Dmitry Dontov said, “SpinOne provides industry-leading ransomware protection and backup of mission-critical data for G Suite and Office 365 enterprise organizations. However, we recognize that an organization’s digital footprint goes beyond just technical protection and prevention.

“By adding an insurance option to our product portfolio, SpinOne provides an extra layer of protection that comes with legal help, financial help and crisis respond services for organizations that utilize cloud services.”

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