At-Bay Launches Industry-First Solutions that Unlock Crucial Cyber Insurance Coverage for Ransomware and Financial Fraud

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SAN FRANCISCO--(BUSINESS WIRE)--Oct 2, 2025--

At-Bay, the InsurSec provider for the digital age, today introduced two new industry-first solutions to protect businesses from the most costly and common cyber threats: ransomware and financial fraud. The solutions combine 1 At-Bay's battle-tested enterprise-grade security with tailored cyber insurance policies featuring new market-leading coverage enhancements. The enhancements, which include automatic flat renewal, zero retention on ransomware and financial fraud coverage, and more 2, provide businesses with superior protection and predictable, comprehensive coverage. These packages are available for businesses with revenue up to $5B.

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At-Bay introduces new industry-first InsurSec packages for ransomware and financial fraud.

Ransomware and financial fraud continue to surge among mid-market and small businesses. In 2024, the frequency of ransomware claims among this group increased for the third straight year, jumping by 20%. On average, these attacks cost businesses nearly $470K. While less severe, financial fraud is twice as common, with the average loss close to $270K – a figure that now surpasses the typical coverage provided by most insurance policies.

“By harnessing security to improve a company’s risk profile, we unlock drastically better outcomes and economics for our customers,” said Ken Riegler, President of At-Bay Insurance. “Ransomware and financial fraud remain major threats, yet our Managed Detection and Response team remediates incidents in an average of just 15 minutes. These packages are a game-changer: They will stop attacks before they escalate and create the opportunity for superior coverage enhancements.”

At-Bay InsurSec Package Highlights

At-Bay's new InsurSec packages 3 deliver better protection and outcomes for businesses by combining insurance and security to reduce risk, lower costs, and create more predictability for brokers and policyholders.

• 24/7 Security Protection & Remediation: Packages uniquely leverage At-Bay’s enterprise-grade Managed Detection and Response 4 security to stop ransomware and financial fraud claims before they happen and unlock crucial coverage enhancements.
• Flat Renewal: Businesses can lock in the same premium year-over-year even after a ransomware claim, eliminating the sharp premium spikes that are common in the cyber insurance market and providing businesses with budget stability and peace of mind.
• As Low as $0 Retention on Ransomware and Financial Fraud: Eliminates the typical out-of-pocket costs for ransomware and financial fraud, allowing companies to focus on recovery without financial strain.
• Reduced Waiting Period for Ransomware Events: Ransomware coverage activates right away so businesses can get access to the resources needed for recovery without the typical waiting periods or costly delays incurred with other policies.
• Up to $1M in Financial Fraud Coverage: Elevated coverage for financial fraud losses, ensuring businesses have the financial backing to recover from large-scale fraud events.
• Cyber Insurance Policy Premium Credits: Policyholders that purchase these packages will not only see additional coverage enhancements and reduced claims risk, but actually lower policy premiums as well 5.

To learn more about At-Bay’s new InsurSec packages, connect with your At-Bay Underwriter or email us here.

About At-Bay

At-Bay is the InsurSec provider for the digital age. By combining world-class technology with industry-leading insurance, At-Bay was designed from the ground up to empower businesses of every size to meet cyber risk head-on. At-Bay Insurance Services, LLC provides insurance protection and security prevention solutions to close to 40,000 businesses in the US, safeguarding up to $800B in collective business revenue, and offers coverage by non-admitted insurers for Cyber, Technology Errors & Omissions (Tech E&O), and Miscellaneous Professional Liability (MPL). As a security company, At-Bay offers proprietary security solutions including At-Bay Stance Managed Detection & Response (MDR).

1Stance MDR is an optional service offered by At-Bay’s security affiliate and is not a requirement for insurance coverage through At-Bay
2Coverage enhancements will be based on the specific risk profile of the business and subject to qualifying conditions
3Coverage enhancements will be based on the specific risk profile of the business and subject to qualifying conditions.
4Security solution available from At-Bay Security, LLC, a wholly owned subsidiary of At-Bay, Inc., that provides cybersecurity services. At-Bay Security, LLC does not provide insurance services.
5Qualified policyholders who implement an approved MDR solution may be eligible for a premium credit. Please contact your authorized insurance representative for additional information concerning potential cost savings. Any premium savings will be based on the specific risk profile of the business.

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CONTACT: Media Contact

Jackie Gray, Corporate Communications

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY PROFESSIONAL SERVICES SECURITY OTHER TECHNOLOGY APPS/APPLICATIONS SOFTWARE NETWORKS FINTECH INSURANCE FINANCE

SOURCE: At-Bay

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PUB: 10/02/2025 08:00 AM/DISC: 10/02/2025 07:58 AM

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