(Image source: Upfort website.)
Upfort (San Francisco), a cyber security and insurance platform, has announced a partnership with Parker, Smith & Feek and Washington Hospitality Association (Olympia), Washington state’s largest hospitality trade group. Parker, Smith & Feek is the Washington Hospitality Association’s insurance partner, and will administer this cyber insurance and security risk management program through Upfort’s platform.
Upfort’s dual cyber security and insurance offering equips Washington Hospitality Association members with a holistic solution to proactively manage cyber risk, a growing concern that can disproportionately affect the hospitality industry, according to a vendor statement. As cyber attacks proliferate, the hospitality industry at large can be especially vulnerable to cybercrime, given its seasonal workforce, high user turnover, and volume of data processing, the statement elaborates. In 2023 alone, nearly a third of hospitality organizations reported a cyber breach, which cost an average of $3.4 million.
Cyber Security and Insurance in One Seamless Experience
“What Parker, Smith & Feek is delivering to Washington Hospitality Association reflects a seismic shift in the way large groups can manage cyber risk and fortify cyber security at scale, and we’re proud to serve as this program’s conduit,” comments Josh Riley, co-founder and managing director, Upfort. “While conventional cyber risk solutions are impractical for most companies and tend to be purely reactive, Upfort’s platform empowers members to take a more preventative, top-to-bottom approach toward tackling cyber risk and forging resilience. As the only company with the ability to unify cyber security and insurance in one seamless experience, Upfort is uniquely positioned to expand cyber resilience for the hospitality industry.”
As part of the partnership, Ufort says that Washington Hospitality Association members can now follow a simple online process to quickly and easily access training, phishing simulations, continuous monitoring, a browser firewall, advanced email defense, and instant quotes for affordable cyber insurance, without any IT experience required.
“Cyber risk has quickly emerged as one of the top concerns plaguing hospitality organizations of all sizes, and the Washington Hospitality Association prides itself on solving problems for its members—which is exactly why we’ve partnered with Upfort to strengthen our cyber resilience,” comments Logan Dozier, senior manager, insurance services, Washington Hospitality Association.
“Our partnership with Upfort paves a path for the Washington Hospitality Association to shield its members from today’s most prevalent threats and reduce the risk of falling prey to ransomware or computer fraud, while educating our members on cyber risk and increasing long-term resilience,” comments Jim Chesemore, SVP, Parker, Smith & Feek. The program, spearheaded by Parker, Smith & Feek, powered by Upfort’s platform, and backed by Arch, which Upfort announced it teamed up with in December, also includes three cyber insurance coverage options under the Washington Hospitality Association’s master program.