As more businesses embrace digital transformation and remote work becomes the new normal, investing in cybersecurity is more important than ever. Recognizing this, insurance technology (insurtech) startup Saphron has launched the first cybersecurity insurance for SMEs in the Philippines.

The insurtech startup’s newest offering is called Cyber Insurance and Breach Response for SMEs, or CYBRIS for short. CYBRIS is a cybersecurity insurance policy that protects a business from financial losses arising from a data breach or a cyber attack.