Meara Belkin Launches HALO Cyber Platform for Integrated Cyber Risk Management

• •HALO Cyber integrates cybersecurity, IT services, and cyber insurance into one platform.
• •The platform addresses the high rate of uninsured cyber losses, estimated at $10 trillion annually.
• •A significant percentage of businesses have faced cyber breaches, leading to financial distress.

Meara Belkin Tech Holdings, Inc. has launched HALO Cyber, a platform designed to integrate cybersecurity, IT services, and cyber insurance into a single portal. Co-founders Bill Meara and Matthew Belkin created HALO to address the challenges businesses face in cybersecurity and fragmented insurance processes. The platform aims to mitigate cyber risks, with the International Association of Insurance Supervisors estimating annual global economic losses from cyber incidents to exceed $10 trillion, with 99% being uninsured. Meara emphasized that 60% of businesses have experienced a cyber breach, with 18% filing for bankruptcy as a result. HALO's SECURE → VERIFY → INSURE℠ model helps businesses identify vulnerabilities and obtain necessary cyber insurance. The platform offers a complimentary cyber-risk analysis and insurance quote through its website, targeting small to Fortune 500 companies. The launch reflects a growing awareness of digital threats among organizations, as highlighted by a Munich Re survey indicating 87% of companies doubt their preparedness against such risks.