MSSP Alert: MSSPs, MSPs See Growing Strategic Role in Cyber Insurance

UKON last week shed the name and corporate mission of its previous iteration to become a cyber insurance marketplace that was created for MSPs, agencies, and enterprise partners to help businesses protect themselves against losses caused by cyberattacks.

In the days since, the Wexford, Pennsylvania, company – which for 10 years had been known as FifthWall Solutions, a cyber-only insurance wholesaler – started collecting partnerships with firms in the cybersecurity and cyber insurance sectors that aim to give elevate the role of MSPs in a cyber insurance industry that is expanding rapidly as the number of attacks grow and the losses mount.

The partnerships with Cork Protection and Blackpoint Cyber will give service providers more confidence when quantifying, covering, and discussing risk with their customers, a role that MSPs hadn’t always filled until the upturn in cyberthreats over the past several years, according to Cork CEO Dan Candee. That has to change.