HALO Cyber Combines IT, Security and Insurance
HALO Cyber combines cybersecurity, IT services and cyber insurance in one portal, with a complimentary cyber-risk analysis and insurance quote.
Meara Belkin Tech Holdings, Inc. has launched HALO Cyber, a single portal combining cybersecurity, IT services and cyber insurance for businesses. The platform is aimed at companies seeking to assess cyber risk, address security and IT gaps, and obtain insurance coverage through one process. Co-founders Bill Meara and Matthew Belkin built the service around a SECURE → VERIFY → INSURE℠ model. Businesses can complete an online questionnaire to receive a complimentary cyber-risk analysis and cyber insurance quote.
One Portal for Cyber Risk
HALO Cyber is designed for small and mid-sized companies as well as Fortune 500 enterprises. The service combines cyber risk assessment, IT and security services, and access to cyber insurance, addressing a process the company says has been fragmented for businesses and brokers.
The International Association of Insurance Supervisors estimates that annual global economic loss from cyber incidents may exceed $10 trillion, while 99% of global cyber losses are uninsured.
Bill Meara, CEO and Chairman at Meara Belkin Tech Holdings, Inc., said:
“Sixty percent of all businesses have experienced a cyber breach during their life cycle. Of those businesses, 18% of them filed for bankruptcy.”
Bill Meara, CEO and Chairman at Meara Belkin Tech Holdings, Inc., said:
“What Halo has created is a singular solution for publicly and privately held businesses to ensure that they maintain the proper formula via security, IT services, and cyber insurance.”
Assessment Through Insurance
Many cybersecurity assessments identify vulnerabilities without setting out the next steps. HALO Cyber positions its model as a way to identify gaps, manage fixes, verify protections and connect companies with cyber insurance options.
A survey published by Munich Re found that 87% of companies from various sectors expressed doubts about their organizations’ preparedness against digital threats.
Matthew Belkin, President and Vice Chairman at Meara Belkin Tech Holdings, Inc.
Matthew Belkin, President and Vice Chairman at Meara Belkin Tech Holdings, Inc., stated:
“This shows a sharper awareness of the security risks facing their organizations.”
Matthew Belkin, President and Vice Chairman at Meara Belkin Tech Holdings, Inc., stated:
“We created HALO's SECURE → VERIFY → INSURE℠ model to identify gaps, manage fixes, verify protections and connect businesses to obtain the proper cyber insurance protection.”
A Starting Point for Businesses
Owners and managers can visit HALO Cyber to complete its questionnaire and request a complimentary cyber-risk analysis and cyber insurance quote. The platform also offers information for prospective partners.
