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Asure Software Highlights Cyber Insurance Program for Small Business Clients

BullishLow impact
ASUR$7.42 1.09%

Asure Software, Inc. (NASDAQ:ASUR) highlighted its CyberMax Protects offering, which bundles cyber liability insurance with cybersecurity prevention tools and incident response support for thousands of its small and mid-sized business clients. The program covers risks such as bricking, where cyberattacks render digital devices unusable, while providing services like phishing security testing and external vulnerability scans.

The initiative comes amid a sharp rise in artificial intelligence-enabled cyber threats. Industry report findings show that one in four malicious breaches involved AI, representing a 56 percent increase from the prior year. Integrating cybersecurity protection with payroll and human resources services allows the company to deepen engagement with existing employers and expand adoption of complementary solutions across its marketplace platform.

Investors will likely monitor how well this bundled marketplace strategy drives customer retention and cross-selling across Asure Software, Inc. (NASDAQ:ASUR)'s client base. Market participants will also watch whether rising cybersecurity demands increase small business spending on integrated human resources and payroll platforms.

Key points

  • Asure Software, Inc. (NASDAQ:ASUR) highlighted CyberMax Protects, offering cyber insurance and security tools to thousands of employer clients.
  • The coverage includes protection against device bricking along with phishing testing, security reviews, and round-the-clock breach response support.
  • AI-driven cyber threats are rising, with one in four breaches involving AI and adding up to 1 million dollars in costs per incident.
  • Shares of Asure Software, Inc. traded at 7.42 USD, up 1.09 percent on the day.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is Asure Software's CyberMax Protects program?

CyberMax Protects bundles cyber liability insurance with proactive security tools, such as phishing testing and vulnerability scans, for thousands of small and mid-sized business clients.

Does CyberMax Protects cover device bricking?

Yes, the policy is among the few that protects employers against bricking, which occurs when a cyberattack renders a digital device completely unusable.

Why is Asure Software focusing on cybersecurity services?

Asure Software is expanding into cyber protection to help clients defend against rising AI-enabled threats and to deepen customer engagement by bundling extra services with payroll and HR tools.