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Posture Tackles 10x Surge in Small Business Cyber Security Costs

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Posture is an end-to-end cyber risk management platform that’s making cybersecurity affordable for Small and Midsize Businesses

“Most corporations are looking for their small business suppliers to have verifiable cyber security programs versus compliance-focused certifications,” said Posture’s co-founder and CEO, Stacy Kirk. “We focus on giving small businesses cyber resilience, not just checking the boxes of compliance.”

The cost of meeting cybersecurity requirements for Small and Midsize Businesses (SMBs) has multiplied by 10x in the past year, fueled by an increase in cyber-attacks and new risks of working from home. Prior to the coronavirus pandemic, a small business with 10 or fewer employees would have paid $13,000 on annual cyber spending; in 2021, they dished out nearly $124,000, and this year is projected even higher.

Posture is an end-to-end cyber risk management platform that’s making affordable cybersecurity a reality. With Posture, SMBs can track, achieve, and maintain cybersecurity compliance with ease. It’s the only platform that uses an all-party risk management model to enable transparency for buyers while empowering suppliers to meet their security requirements in weeks, not months.

Beginning today, Posture is partnering with small business organizations to offer a subscription to its cyber risk management platform (a $1,200 value) at no cost to qualified SMBs. Eligible businesses will benefit from comprehensive risk assessments and scores, a tailored cybersecurity playbook, cyber requirements management, a marketplace for cybersecurity solutions, and free workshops.

According to Kaspersky’s annual IT Security Economics 2021 report, a third of large organizations suffered attacks involving data shared with suppliers. The average financial impact of enterprise data breaches reached $1.4 million in 2021, making it the costliest type of incident.

“Most corporations are looking for their small business suppliers to have verifiable cyber security programs versus compliance-focused certifications,” said Posture’s co-founder and CEO, Stacy Kirk. “We focus on giving small businesses cyber resilience, not just checking the boxes of compliance.”

About Posture

Posture is a cyber risk management platform that helps Small and Midsize Businesses (SMBs) meet the cyber security demands of their enterprise customers. ​​Still in its early stages of operation, Posture serves suppliers and buyers across key industries where cybersecurity is paramount, including healthcare, defense, finance and banking, and technology.

With Posture, buyers have greater visibility into their supplier risk and security practices. Suppliers gain access to simplified security requirements, relative maturity scoring, training, and a marketplace of vetted cybersecurity and privacy tools.

Small and Midsize Business owners can visit https://www.postured.io/get-invited/ for more information on eligibility.

Visit https://www.postured.io/ to learn more about the Posture platform. For partnerships, contact William McBorrough at partnerships@postured.io. For investment opportunities, contact Stacy Kirk at invest@postured.io.

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Source: https://www.prweb.com/releases/posture_tackles_10x_surge_in_small_business_cyber_security_costs/prweb18427148.htm

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