Cybercrime is becoming a more prevalent and worrying problem. In fact, it’s estimated that losses due to cybercrime will reach $10 trillion globally by 2025. That’s more than 300% from the $3 trillion in 2015.
More significantly, attackers are now increasingly targeting small and medium-sized enterprises because these businesses often don’t have the budget to protect against these attacks and hardly ever have insurance against threats like ransomware, DDOS, and data breaches.
Baobab wants to solve this problem and aims to make small and medium-sized enterprises more resilient against cyber threats by combining cyber insurance and protection measures in a single risk management solution.
We’re proud to announce that Baobab has chosen SimpleBackups as its preferred backup partner, joining the ranks of 1Password, okta, and others, to offer robust risk management solutions to Baobab’s customers.
Named after the Baobab tree, one of the most resilient plants on earth, Baobab’s mission is to make its customers as resilient as this well-known tree. It believes a new approach that hinges on comprehensive insurance, risk management, and advice is the only way to tackle the cybersecurity challenges many businesses face.
In turn, Baobab implements this approach by using state-of-the-art technology.
For this reason, Baobab decided to offer its customers, in addition to comprehensive cyber insurance, a wealth of free cybersecurity services, including:
By providing these services, Baobab ensures that SMEs are better capable of improving cybersecurity within their given budget constraints.
As mentioned earlier, Baobab has chosen SimpleBackups as its preferred backup solution partner to help its customers protect themselves against cyberattacks.
Being a partner also means that Baobab ensures its customers implement our range of data backup solutions as part of its holistic insurance and cyber risk management program.
Ultimately, by partnering with us and service providers like okta and 1Password, Baobab is now the first company in Europe to combine cyber insurance with holistic cybersecurity measures to help companies mitigate against the increasing risk of cyberattacks.