Coalition Acquires Security & Threat Intelligence Provider BinaryEdge
Acquisition to improve Coalition’s cyber insurance underwriting capabilities and provide free, real-time security monitoring to Coalition policyholders
Although the recent data breaches at Facebook, Capital One, and Travelex dominate the news, small and midsize businesses (SMBs) are the most frequent targets of cyber attacks. More than 30 million SMBs in the
With the acquisition of BinaryEdge, Coalition is now able to offer 24/7 security monitoring to safeguard an organization, as well as comprehensive insurance coverage for technology failures and cybercrime. The result for Coalition policyholders is far lower costs to detect, contain, and recover from a data breach, and fewer losses and claims.
“While most insurers only respond after an incident, Coalition is now uniquely positioned to provide organizations with the data and tools they need to prevent and mitigate losses before they occur,” said
Effective immediately, Coalition is using BinaryEdge’s Internet scanning technology to continuously monitor the over 10,000 and growing organizations that have selected Coalition as their insurance provider. Every day, Coalition maps and scans each policyholder’s Internet attack surface, finds risk exposures and vulnerabilities, and provides real-time threat intelligence and alerts to reduce the likelihood that an organization is compromised. Coalition customers are often notified and informed how to fix a vulnerability in a manner of hours, a process which previously took most organizations weeks or months.
“The security paradigm is changing. Hackers are moving faster than the most sophisticated security professionals can respond,” said
For more information, visit https://www.coalitioninc.com/blog.
About Coalition
Coalition is a leading provider of cyber insurance in
About BinaryEdge
BinaryEdge’s mission is to secure the Internet by helping organizations improve their information security posture. The BinaryEdge Internet data collection platform continuously scans the entire global Internet, mapping the Internet attack surface of over 5 billion devices across over 15 million business entities, allowing BinaryEdge to provide any organization with real-time threat intelligence to help reduce their cyber risk. BinaryEdge’s customers include many of the largest global corporations, influential security researchers, and information security specialists. The company is based in
View source version on businesswire.com: https://www.businesswire.com/news/home/20200122005461/en/
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Source: Coalition
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