Pen first insurer to join police-led cyber security scheme for SMEs

Pen Underwriting has become the first insurance provider to partner with the Police Digital Security Centre on a new national certification scheme designed to boost the cyber security resilience of UK SMEs.

Developed by the PDSC, in collaboration with the British Standards Institution, the Digitally Aware certification scheme help small businesses test and improve their resilience to the main types of cyber crime.

For those that achieve the certification, Pen Underwriting is offering a discount on premiums.

Simon Newman, head of cyber and business services at the PDSC, said: “We’re delighted to be partnering with Pen Underwriting as a specialist cyber insurance provider to UK SMEs. [Its] commitment to recognising and rewarding small businesses that can prove they are digitally aware will undoubtedly help drive take-up of this new scheme which ultimately works to make firms safer.

“We’ve developed this simple online assessment tool and certification scheme because it’s important small businesses regularly review their vulnerability to common types of cyber crime, understand their exposure to risk and put in place simple control measures to improve their own resilience. And having that enhanced resilience recognised when it comes to buying insurance will be welcomed by UK small businesses.”

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