Carrots never tasted so good. 🥕 Incentives are important, and we’re happy to announce our newest “carrot” for Coalition policyholders: the Multi-Factor Authentication (MFA) Retention Reduction endorsement. That’s a mouthful, but it’s simple. We’re happy to reward good security practice, and MFA (or 2FA) is not just good security practice -- it’s great security practice. Multi-Factor Authentication is a security measure that adds a layer of protection to systems by requiring at least one add

If a corporation with the resources of Capital One can't protect their network, how can any other business be expected to? This is the harsh reality confronting small and mid-size business owners. A single mistake can be costly...even company-ending.

Over the past few months, we’ve been working with some of the world’s leading security training vendors in search of the best fit for our insureds. Our goal was simple: to find the most engaging security awareness training to help our insureds stay safe. Today we're excited to announce [https://www.thecoalition.com/announcements/coalition-partners-with-curricula-to-bring-effective-security-awareness-training-to-cyber-insurance-policyholders] a new partnership with security awareness training ve

Dear extended Coalition team, We’re excited to announce today that we’ve received a $40M investment from leading global investment firms Ribbit Capital, Greenoaks Capital, and Hillhouse Capital, with participation from all of our existing investors.

The core requirement of any risk-taking insurance platform is the ability to accurately and consistently score the risk of a potential insurance policy. Despite the buzz about artificial intelligence replacing traditional insurance underwriting, we believe best-in-class underwriting in cyber is achieved by combining human expertise with algorithmic decision-making. Active Learning [https://en.wikipedia.org/wiki/Active_learning_(machine_learning)] is a subset of machine learning where the algorit

Another day, another data breach. This past Friday Marriott International revealed that hackers had breached its Starwood reservation system as far back as 2014 and had stolen the personal data of up to 500 million guests. In the aftermath, Senator Ed Markey of Massachusetts described data breaches as "a black cloud hanging over the United States' bright economic horizon." So black that another Senator, Ron Wyden of Oregon, went on to declare that "until companies like Marriott feel the threat o

At Coalition, we’re always ready to catch up with customers, brokers, and everyone else interested in solving cyber risk. Really... try us [https://www.thecoalition.com/contact]. Over the next several weeks, at different events, you can find us in person around the United States sharing some of what we know and are learning from businesses far and wide. If you’ll be at one of these events, or are nearby and want to connect with someone from Coalition, let us know. Oh, and we are hiring [https:

Today, Coalition's mission to Solve Cyber Risk just got a big boost. 10,000 insurance agencies, all Big “I” members, will have access to Coalition's coverage and tools for the millions of businesses they serve. The Independent Insurance Agents and Brokers of America (IIABA or the Big “I”) was founded in 1896. But this influential organization keeps up with the ever-changing marketplace, and selected Coalition (founded 2017) as the solution for today's most dynamic challenge: cyber risk. Here

We're pleased to present the first in a series of practical security posts for our policyholders. Despite an explosion of cybersecurity buzzwords ranging from anomaly detection to next generation anti-virus, our claims data and experience reveal that simple security measures are often the most effective. This week we turn our focus to password security. Most computer systems rely on passwords, and all the cybersecurity in the world won't help you if someone knows or guesses your password. Advi

It's too soon to know the outcome, but we're honored to have been nominated by our insurance industry peers as the "Cyber Newcomer of the Year" at this year's Advisen Cyber Risk Awards [https://www.advisenltd.com/2018/06/06/-cyber-risk-awards/]. And newcomers we are - both as a company and a team. It was only a year ago that Coalition was founded with a mission to solve cyber risk, and to help protect businesses from the many risk exposures that accompany technology. Now, only a few months a

Dear extended Coalition team, We’re thrilled to announce [https://www.thecoalition.com/announcements/cyber-insurer-coalition-raises-10-million-to-solve-cyber-risk-for-smbs-2018-feb-28] some news: we’ve received a $10M Series A investment from leading global investment firms Vy Capital, Ribbit Capital, and Valor Equity Partners, as well as notable technologists such as Sam Altman (President of Y Combinator) and Deep Nishar (former Head of Product at LinkedIn, and current Senior Managing Directo

Today we announced [https://www.thecoalition.com/announcements/hackerone-joins-forces-with-coalition-to-bring-hacker-powered-security-to-cyber-insurance-policyholders-2018-feb-13] the HackerOne Response app in partnership with HackerOne [https://www.hackerone.com], another tool in the growing cyber risk management platform [https://www.thecoalition.com/platform] offered to all Coalition policyholders. This new app allows any organization to receive and respond to security vulnerabilities disco

It’s been an awfully eventful start to the New Year. In case you’ve missed the news, two major security flaws have been discovered in the processors that power nearly all of the world’s computers. The two techniques discovered to exploit these flaws, nicknamed Meltdown [https://meltdownattack.com/] and Spectre [https://spectreattack.com/], could allow hackers to steal data and secrets from any vulnerable computer, including mobile devices. Because the flaws are with the computer processor itself

Out of service. Under repair. Broken. It’s a frustrating message to encounter. But far more frustrating is when something works, though not in the way we know it could. Without an obvious problem, there is no immediate fix or resolution. Instead, we carry on with the status quo and settle for the unremarkable. Welcome to insurance Insurance was introduced in the United States in the 1700s and, since that time, not much has changed. And for good reason. Insurance does work, just not in the way i

It may feel like an oxymoron, but innovation in insurance is possible. I’ve built my career on this belief as the leader of the Technology Practices at Aon and Crystal & Company. However, with few exceptions, “innovation” and “insurance” are rarely found in the same sentence. In an industry characterized by conservatism, discipline, and a natural aversion to risk, this belief has helped me to push the boundaries of what our industry is capable of. It has pushed me to ask, “how can we do this bet

Background: the initial focus of Coalition is a cyber insurance product that provides the most comprehensive coverage for risks posed by the digitization of everything. However, you may not be aware that our long term plan is to democratize access to the technology and services needed to prevent loss in the first place (we're off to a good start [https://www.thecoalition.com/platform] !), and to mitigate and recover from it when it occurs. This is because the overarching purpose of Coalition, an