Munich Re-backed speciality insurance firm Hartford Steam Boiler (HSB) has acquired Zeguro’s digital cybersecurity platform for an undisclosed sum.

The acquisition includes a suite of cyber risk management tools and services.

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Zeguro Cyber Safety Solution offers small and mid-sized businesses access to online cybersecurity training, compliance policies, and web app monitoring to identify potential cyber weaknesses.

HSB vice president Timothy Zeilman said: “A business needs both cyber insurance and security. The combination of HSB’s cyber coverage and Zeguro’s proven risk management platform offers a seamless experience for our customers to get the protection they need.”

Zeguro founder and CEO Sidd Gavirneni said: “We are excited to join HSB and Munich Re. It is a great opportunity to enhance the Zeguro Cyber Safety Solution while creating unique insurance protection for small businesses.”

HSB offers cyber coverages and services through agents, brokers, and insurance firms that partner with it to add cyber insurance to their policies.

Last month, HSB launched a personal cyber coverage aimed at social media influencers.

It is part of HSB’s expanded coverage solution for social media and comes with HSB Home Cyber Protection Insurance.

Earlier this year, HSB launched Precision Ag insurance, which addresses the risks associated with modern farms, agricultural data, technology, and farming equipment.

Last week, American insurer Marsh McLennan launched a Cyber Risk Analytics Centre to bring together cyber risk data, analytics, and mitigation expertise.