New Dawn Risk has partnered with leading Lloyd’s of London Capacity to create a Cyber & Tech policy tailored for SME to Mid-Market payment processors. PayProtect fills a notable gap in the market, targeting an underserved segment within the cyber/tech industry. The product addresses the distinct challenges encountered by payment processors and allows them to navigate complex and stringent regulatory landscapes, providing a comprehensive safety net for businesses operating in this sector.
PayProtect is targeted at payment processors across the US, UK, EU, and international markets with a revenue threshold of up to 250 million, catering to a range of companies operating within the payment processing space. By offering a nuanced understanding of the challenges faced by payment processors and providing tailored coverage options, PayProtect emerges as a valuable resource for businesses aiming to mitigate risks and safeguard their operations in an increasingly complex digital landscape.
