Coalition, the leading cyber insurance and security company, today announced it has raised
The investment comes as the company's customer base crosses 25,000 -- a 600% increase from the prior year -- making it one of the largest providers of cyber insurance and security in
"Cybersecurity isn't a technology problem, it's a risk management problem," said
The announced funding will help Coalition target three key areas:
Cybersecurity Access: once accessible only to national governments and large enterprises, Coalition will continue to make available, at no cost, state-of-the-art cybersecurity capabilities to small and midsize businesses. Coalition's small and midsize policyholders experienced claims that cost an average of
International expansion: cyber risks know no boundaries, and Coalition plans to make its offerings available globally starting with
New Products: Coalition plans to develop additional insurance products to address a new range of threats technology brings to both tangible and intangible assets -- many of which are not well covered by traditional insurance policies. "The future of cyber insurance is in integrated solutions to protect against cyber incidents across all asset types," said Sundeep Peechu, Managing Director at
In total, Coalition has raised
To learn more about Coalition, visit coalitioninc.com.
About Coalition
Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by leading global insurers
Read the full story at https://www.prweb.com/releases/coalition_raises_90_million_in_funding_to_build_the_future_of_cyber_insurance/prweb17135020.htm
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