Collaborate Disseminate
Armorblox and Coalition announced a partnership offering an innovative end-to-end solution to customers that combines email security and cyber insurance to protect organizations from cyber threats such as business email compromise (BEC), email account … Continue reading Armorblox collaborates with Coalition to protect organizations against sophisticated email attacks
Cloudflare announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. Eligible Cloudflare customers can qualify for discounts or other added benefits from insurance providers like At-Bay, Coalition, … Continue reading Cloudflare collaborates with leading cyber insurers to help businesses reduce their cyber risk
Coalition announced new executive risks insurance products to protect the leaders of small and midsize businesses. Backed by the financial strength and stability of Zurich North America, Coalition is now offering Directors & Officers (D&O) and … Continue reading Coalition launches executive risks products to defend SMBs against cyber attacks
Coalition announced that it has acquired Attune, a managing general agent (MGA) and technology-powered broker platform for commercial insurance. The acquisition of Attune creates the world’s largest commercial insurtech and positions the combined entit… Continue reading Coalition acquires Attune to expand its commercial insurance offerings
The Biden administration on Wednesday announced initiatives to bolster supply chain and natural gas pipeline security, following a White House private sector cybersecurity summit where major companies pledged billions of dollars in cyber spending. The National Institute of Standards and Technology will collaborate with industry to develop guidelines for building secure technology, in the first of two administration initiatives. In the other, the administration formally expanded its industrial control systems cybersecurity initiative — under which 150 electric utilities agreed to deploy control system security tech — to natural gas pipelines. Tech giants, insurance companies and educational organizations exit the summit with cybersecurity commitments large and small. Among those vowing the biggest dedication of dollars: Microsoft announced $20 billion over five years to integrate “cybersecurity by design,” which means incorporating security into products as they’re being built, while Google announced $10 billion over the same period to expand “zero trust” programs, […]
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Ransom demands have grown substantially over the past year, smaller companies are increasingly targeted, and cyber criminals continue to take advantage of dislocations in how we work, according to a Coalition report. From the first half of 2020 to 2021… Continue reading Ransom demands reaching $1.2M, smaller companies increasingly targeted
Most ransomware attacks are opportunistic, and at the end of the day, cybercriminals do not discriminate. Nobody plans to fall victim, but the fact is any company with an internet presence, regardless of size, is at risk. These incidents cause signific… Continue reading Navigating the complexity of ransomware negotiations
Index Ventures and General Atlantic lead round to accelerate Coalition’s growth and build on its leadership in the cyber insurance market SAN FRANCISCO, CA — March 17, 2021 — Coalition, the leading cyber insurance and security company, today announced … Continue reading Coalition Raises $175M to Build the Future of Commercial Insurance
Cyber attacks have increased in number and severity since the onset of the pandemic. The changes organizations implemented to facilitate remote work have given cybercriminals new opportunities to launch campaigns exploiting mass uncertainty and fear. R… Continue reading Cyber losses are increasing in frequency and severity
Nearly half of the cyber-insurance claims filed in the first half of this year were the result of ransomware attacks, further proof that digital extortion attempts are having a ripple effect throughout the private sector. Ransomware attacks were the cause of 41% of the cyber-insurance claims filed over the first six months of 2020, according to a report published by Coalition, a cyber-insurance vendor that compiled the data based on findings from 25,000 small and medium-sized companies in the U.S. and Canada. Coalition reported a 47% increase in the number of ransomware attacks, with the average size of the demand jumping by 46% over the time period in question. While cyber-insurance vendors have financial interest in emphasizing the frequency and severity of ransomware attacks, the latest figures come after a series of similar numbers hinted at the size of the ransomware problem. Beazley Breach Response, a unit of the London-based […]
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Continue reading Ransomware to blame for nearly half the cyber-insurance claims filed in early 2020