Leading Global Insurers Back Coalition to Solve Cyber Risk
Coalition provides a full suite of cybersecurity products for small to midsize businesses (SMBs) and comprehensive cyber and technology error & omissions insurance of up to
Coalition's team includes technology entrepreneurs and executives that helped build
"Cybersecurity is broken," said Motta, CEO of Coalition. "We've experienced first-hand the difficulty of protecting an organization from constantly evolving cyber and technological threats. From systems failure to hacking, human error to denial of service attacks, no amount of investment in defenses has solved the problem. Our insurance-enabled, technology-driven platform addresses these risk management gaps for SMBs to help them prevent losses and remain resilient should the worst come to pass."
To tackle a growing set of technological risks faced by businesses, Coalition is introducing two of its own proprietary insurance products—one for cyber and one for technology errors & omissions—to address emerging risks such as social engineering, systems failure, internet of things (IoT) devices, and even physical cyber attacks.
"Unlike other cybersecurity firms, Coalition shares its customers' financial incentive to prevent and mitigate losses," said Motta. "We are fortunate to join forces with two insurance industry leaders –
Coalition will use the insurance backing from these leading firms to accelerate its rapid customer growth, provide innovative insurance products to meet the demands of SMBs, and expand its offering of cybersecurity tools and services.
"Coalition's ability to deliver security tools and services directly to insureds will help clients secure their network and reduce the chance of a breach," said
"Coalition offers the most innovative and comprehensive coverage available in the SMB market and we're excited about the opportunity to partner with this impressive team of cybersecurity leaders," said
Through Coalition's risk management apps, businesses can easily access and configure threat and intelligence alerts, ransomware and denial of service protection, and patch and vulnerability notifications without any complex setup or configuration.
"For the majority of business owners, cybersecurity is simply too expensive and complex," said Hering, co-founder of Coalition. "We believe that cybersecurity should be a public good, and we intend to democratize access to the technology SMBs need to manage cyber risk."
To learn more about Coalition's mission, go to https://blog.thecoalition.com/why-we-founded-coalition.
About Coalition
About
About
View original content with multimedia:http://www.prnewswire.com/news-releases/leading-global-insurers-back-coalition-to-solve-cyber-risk-300566496.html
SOURCE
One of Australia’s Largest Insurers Selects NICE’s Nexidia Analytics Solution to Improve Customer Experience
Cities Where Your Retirement Savings Will Last the Longest
Advisor News
- Majority of Americans concerned recent market highs are unsustainable
- GLP-1 users choose between medication and retirement saving
- Gen X and millennials seek new retirement model
- Are families ready for the costs of aging at home?
- When a client moves, their insurance plan needs to move, too
More Advisor NewsAnnuity News
- A client remarried: Does their annuity still fit?
- Gen X and millennials seek new retirement model
- Global Atlantic names Dan Farrelly head of IMO and IBD channels
- A rising retirement challenge: The license to spend
- What lower interest rates mean to annuity payouts
More Annuity NewsHealth/Employee Benefits News
Life Insurance News