Stoïk combines cyber insurance products with active security monitoring – TechCrunch


meet Stoïk, A new French startup that wants to protect small businesses from cybersecurity incidents. The company provides services to monitor insurance products and attack surfaces.

The startup recently raised $ 4.3 million (€ 3.8 million) in seed rounds from Alven Capital, Anthemis Group, Kima Ventures, and several business angels such as Raphaël Vullierme, Emmanuel Schalit, and Henry Kravis.

Stoïk is extremely vulnerable to ransomware and other cyberattacks, so it is specifically targeted at small businesses. Still, small businesses often don’t do enough to protect their software infrastructure.

“We will insure you and protect you,” co-founder and CEO Jules Verato told me. “But what we’re trying to sell is an insurance product. If you’re attacked, we have a phone number that you can call 24/7, with all the cost implications guaranteed. “

At the same time, Stoïk will provide monitoring tools to help SMEs fix infrastructure vulnerabilities. In that case, the incentives between Stoïk and Stoïk clients remain consistent.

A team of 15 people has already partnered with an insurance company to design insurance products. Stoïk sells insurance products and bills customers directly — reduced per contract.It works with a third party company called Inquest of death Handle crisis management.

Stoïk is a bit similar Coalition In the United States, except that we are not affiliated with a broker to distribute insurance products. French startups want to build direct relationships with their customers.

For high-tech products, enter the domain name to start scanning when you sign up for the service. Stoïk looks in the DNS records, finds the IP address, and scans the online database for password leaks associated with this domain name.

You get the score and some tips to improve it. For example, Stoïk can say that some services are exposed to the outside world when they shouldn’t. If your score is above a certain threshold and your annual revenue is less than € 50 million, you can buy an insurance product.

The company is currently in the pre-launch stage with contracts ranging from € 50 to € 400 per month. Next, we plan to add more features to the monitoring service. For example, Stoïk wants to scan an internal account. You can imagine scanning the Amazon Web Services settings and finding some vulnerabilities. And it should also help when it comes to signing new contracts with potential customers.

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The post Stoïk combines cyber insurance products with active security monitoring – TechCrunch appeared first on California News Times.

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