European cyber insurance startup Stoïk secures $27 million
Stoïk offers a cyber insurance product tailored for small businesses to transfer cyber risks to a third party.
MAIN POINTS
- Cyber risk is a growing concern for small companies globally.
- Companies often focus on avoiding and mitigating cyber risks.
- Stoïk provides cyber insurance for small and medium-sized businesses.
TAKEAWAYS
- Cyber insurance can help small businesses manage cyber risks more effectively.
- Transferring risk to a third party is an underutilized strategy.
- Stoïk targets small and medium-sized enterprises with its specialized insurance product.