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Stephanie Mangold
by Stephanie Mangold
Published on September 17, 2021, 4:12 PM
Cyber insurance plays a critical role in managing risk in the 9/17/21 Risk Roundup. This is our weekly TL;DR and useful snippets on topics we’re watching closely....
Product Updates
Stephanie Mangold
Published on September 16, 2021, 5:09 PM
Meet Kelsey Davis, Software Engineer Manager at Coalition. Find out why Kelsey believes leading with honesty is important and what drew her to Coalition.
Tips
Jeremy Turner
Published on September 14, 2021, 4:37 PM
Coalition attended a White House cybersecurity meeting and is part of an industry partnership with the NIST to make the technology supply chain more secure.
Tips
Stephanie Mangold
Published on September 10, 2021, 5:23 PM
Insurtech data leads to real-time results in the 9/10/21 Risk Roundup. This is our weekly TL;DR and useful snippets on topics we’re watching closely.
Tips
Evan Curtin
Published on September 9, 2021, 6:42 PM
Coalition systems assess a lot of cyber risk daily. Rapid backtesting allows us to update our decisioning systems and maintain integrity.
Insurance Updates
Michael Carr
Published on September 8, 2021, 6:15 PM
You've been hit by ransomware. Find out what coverages in your Coalition cyber insurance policy will help you restore your data and get back to business quickly.
Tips
Stephanie Mangold
Published on September 3, 2021, 4:21 PM
A ransomware attack could interrupt your BBQ in the 9/3/21 Risk Roundup. This is our weekly TL;DR and useful snippets on topics we’re watching closely.
Tips
Tips
Stephanie Mangold
Published on September 2, 2021, 4:14 PM
Phishing is the most popular attack technique hackers use. Learn more about employee cybersecurity training and ways to combat even the most stealthy phish.
Insurance Updates
Insurance Updates
Shawn Ram
Published on August 31, 2021, 7:09 PM
We expect a steady wave of cyber attacks and a hardening market to continue. See how the trends in our H1 2021 Claims Report informed our predictions.
Tips
Stephanie Mangold
Published on August 27, 2021, 4:46 PM
Coalition attended the White House cybersecurity meeting in the 8/27/21 Risk Roundup. This is our weekly TL;DR and useful snippets on topics we’re watching closely.
Insurance Updates
Joshua J. Motta
Published on August 25, 2021, 9:50 PM
Coalition CEO, Joshua Motta, met with President Biden to discuss cybersecurity and why stopping ransomware requires more than better technology.
Insurance Updates
Stephanie Mangold
Published on August 25, 2021, 7:30 PM
Our H1 2021 Claims Report found attackers are using more dangerous tactics to access networks. See how these trends are impacting the cyber insurance industry.
Insurance Updates
Kelly McGuinness
Published on August 23, 2021, 4:17 PM
Underwriter Kelly McGuinness shares how the cyber insurance market in Canada has evolved and how Coalition has adapted to meet changing market needs.
Tips
Stephanie Mangold
Published on August 20, 2021, 4:54 PM
Hacking a company may lead to a job offer in the 8/20/21 Risk Roundup. This is our weekly TL;DR and useful snippets on topics we’re watching closely.
Insurance Updates
Stephanie Mangold
Published on August 19, 2021, 4:20 PM
Our H1 2021 Claims Report found funds transfer fraud attacks increased in severity and frequency over the last year. See how FTF is impacting the cyber insurance industry.
Tips
Tips
Divya Aggarwal
Published on August 17, 2021, 4:17 PM
Divya Aggarwal describes her journey from a Document Analyst Intern to a full-time employee at Coalition. What did she learn, and how easy was the transition?
Tips
Tips
Scott Walsh
Published on August 16, 2021, 5:07 PM
Coalition’s ability to pinpoint cyber risks and offer dedicated support is unique. Our scanning engine helps policyholders respond to the most recent Exchange vulnerability.
Tips
Stephanie Mangold
Published on August 13, 2021, 5:26 PM
Flexibility is a requirement for good cybersecurity in the 8/13/21 Risk Roundup. This is our weekly TL;DR and useful snippets on topics we’re watching closely.
Tips
Aaron Kraus
Published on August 12, 2021, 4:20 PM
Attackers utilize social engineering to gain access to protected networks and data. By understanding how social engineers operate, you can take steps to stop them.
Tips
Chris Hendricks
Published on August 10, 2021, 6:13 PM
Cyber tools produce alerts, which often turn into spam. Users are exhausted, leading to cyber incidents. Luckily, there are things we can do to combat security alert fatigue.
Tips
Stephanie Mangold
Published on August 6, 2021, 5:48 PM
Information is key to solving ransomware in the 8/6/21 Risk Roundup. This is our weekly TL;DR and useful snippets on topics we’re watching closely.
Insurance Updates
Stephanie Mangold
Published on August 5, 2021, 4:42 PM
Our H1 2021 Claims Report found the average ransom demand has increased to $1.2M — no small price to pay. See how ransomware is impacting the cyber insurance industry.
Insurance Updates
Christopher Masaki
Published on August 3, 2021, 5:05 PM
Coalition’s unique approach to underwriting evaluates risk like a hacker. Learn more about how collaboration and data (lots of data) define our methods.
Tips
Tips
Ross Warren
Published on July 30, 2021, 4:59 PM
Ransomware (NDAs, prevention, and mitigation) is the hot topic of the 7/30/21 Risk Roundup. This is our weekly TL;DR and useful snippets on topics we’re watching closely.
Tips
Tips
Thomas Johnson
Published on July 29, 2021, 3:44 PM
Ransomware has shaken the cyber insurance market and felled companies of all sizes, but smaller attacks still pose a danger to your organization and its data.
Insurance Updates
Sophia Kudlyk
Published on July 28, 2021, 4:11 PM
Remote work, regulations, and cybercrime have rocked the cyber insurance industry. The 2021 market is a storm, but Coalition's approach is different.
Insurance Updates
Marisa Krystian
Published on July 27, 2021, 12:05 PM
Our 2021 Cyber Insurance Claims Report explores top cybersecurity trends and threats facing organizations today: BEC, FTF, ransomware, and small business as targets.
Tips
Stephanie Mangold
Published on July 23, 2021, 12:00 PM
It's all about data: underwriting, backups, and avoiding phishing in the 7/23/21 Risk Roundup, our weekly TL;DR and useful snippets on topics we’re watching closely
Insurance Updates
Michael Carr
Published on July 21, 2021, 5:00 PM
Property insurance requires you to assess your business locations. Cyber coverage is no different; that's why we assess all domains to evaluate your risk.
Tips
Stephanie Mangold
Published on July 19, 2021, 7:25 PM
To enable organizations to control their cyber risk, Coalition recently concluded our inaugural Security Week with internal and external security and claims partners.
Tips
Aaron Kraus
Published on July 16, 2021, 4:41 PM
Outdated IT equipment, the cloud, and limericks abound in the 7/16/21 Risk Roundup, our weekly TL;DR and useful snippets on topics we’re watching closely.
Tips
Tips
Aaron Kraus
Published on July 15, 2021, 4:53 PM
The best cybersecurity strategy requires a good defense. In the latest post in our cyber acronyms series, we explore key terms you should know to protect your organization.
Tips
Tips
Will Andre
Published on July 13, 2021, 5:53 PM
We examine hotel management software provider Techotel's decision to live blog its ransomware attack and document its journey to bring its critical systems back online.
Tips
Aaron Kraus
Published on July 9, 2021, 4:38 PM
Are you easily distracted by the latest infosec shiny object, or are you a skeptic? Find out in the 7/9/21 Risk Roundup, our weekly TL;DR and useful snippets on topics we’re watching closely.
Tips
Stephanie Mangold
Published on July 8, 2021, 5:56 PM
Coalition generates billions of scanning events monthly. We gained insights from the 5,000 fastest-growing companies — learn how similar data found in Coalition Control could benefit your organization.
Tips
Matt Dort
Published on July 6, 2021, 8:53 PM
Leading solutions providers including Okta, SentinelOne, and Malwarebytes will discuss a wide range of cybersecurity topics and best practices for controlling risk in a dynamic and challenging IT environment.
Insurance Updates
Tiago Henriques
Published on July 2, 2021, 10:32 PM
Kaseya, a remote management solution typically used by MSPs in the United States was the victim of a ransomware attack executed on 7/1/21. Coalition policyholders should take remediation steps immediately.
Tips
Aaron Kraus
Published on July 2, 2021, 4:34 PM
Are you an early adopter or a cyber dinosaur? Find out in the 7/2/21 Risk Roundup: our weekly TL;DR and useful snippets on topics we're watching closely.
Tips
Shelley Ma
Published on July 1, 2021, 4:41 PM
By now, ransomware doesn’t need much of an introduction. Are we utterly powerless in the face of ransomware? Discover cyber deception methods with Incident Response Lead Shelley Ma.
Product Updates
Product Updates
Dylan Steele
Published on June 30, 2021, 9:56 PM
I'm finishing my first month at Coalition as CMO. It’s been a fun new adventure after leading marketing teams at Salesforce and Splunk. Here's how it's going so far.
Insurance Updates
Insurance Updates
Leeann Nicolo
Published on June 29, 2021, 9:03 PM
This series shares real stories from Coalition policyholders. A medical company was hit with a new, more threatening ransomware called HelloKitty. See why it's so dangerous.
Tips
Aaron Kraus
Published on June 24, 2021, 3:54 PM
New tech is worthy of promotion, but when buzzwords and FOMO define purchasing decisions, your cybersecurity program is likely to be a patchwork affair of half-useful tools. 
Tips
Nelson Auner
Published on June 22, 2021, 5:08 PM
Insurance providers compete to win clients amidst changing market conditions. Data science can help by predicting the likelihood of winning new clients. 
Tips
Stephanie Mangold
Published on June 17, 2021, 4:38 PM
As the cybersecurity landscape evolves and attacks become harder to detect, endpoints are left incredibly vulnerable. Find out what EDR solutions we recommend to mitigate the risk.
Insurance Updates
Leeann Nicolo
Published on June 15, 2021, 3:33 PM
A critical component for all businesses, email is also among the least secure. A payment request was part of a plan to steal nearly $1.3M from an early childhood education center.
Insurance Updates
Stephanie Mangold
Published on June 10, 2021, 5:42 PM
Throughout 2020 we often heard the word unprecedented, seemingly in excess. Cybersecurity challenges are outlined in the 2021 Verizon Data Breach and Investigations Report.
Product Updates
Dennis Crothers
Published on June 9, 2021, 2:46 AM
What are the design challenges at Coalition? Within our products, we like to break our problems into two areas of design — information design and application design.
Product Updates
Product Updates
Stephanie Mangold
Published on June 3, 2021, 6:47 PM
Meet Shelley Ma, Incident Response Lead at Coalition. Find out why Shelley is so passionate about helping mitigate cyber risk and catching attackers before they commit a cyber crime.
Product Updates
Product Updates
Will Andre
Published on June 2, 2021, 4:29 PM
The first step in building a great cybersecurity culture is to socialize your vulnerabilities. No stigma, no drama, just working together to control risk.
Product Updates
Will Andre
Published on June 1, 2021, 5:03 PM
We’re delighted to announce today that SentinelOne has joined Coalition’s partner technology program to help scale incident response and offer their industry-leading endpoint detection and response solutions to Coalition policyholders.
Tips
Xiaolin Gong
Published on May 27, 2021, 8:34 PM
Understanding the value of culture, we wanted to understand the role cultural heritage plays in shaping our AAPI colleagues and how it influenced their view of the world.
Tips
Colin Flaherty
Published on May 20, 2021, 6:21 PM
Not all web assets pose equal risks to an organization's cybersecurity. Here at Coalition, we are thinking about how to categorize web assets at scale. Thoughtfully ‘contextualizing’ web assets helps our clients better understand their cyber risk.
Product Updates
Tiago Henriques
Published on May 18, 2021, 3:38 PM
We want to give organizations of any size the right tools to understand the risks they are exposed to and better protect themselves. This is Coalition Control.
Product Updates
Matt Dort
Published on May 13, 2021, 3:27 PM
We’re excited to announce a partnership with Okta, the leading independent identity provider. Okta supports small businesses with SSO, universal directory, and MFA.
Insurance Updates
Joshua J. Motta
Published on May 13, 2021, 1:27 AM
An increasing number of articles on the topic would have you believe so, and is a question we’ve long pondered as one of the larger providers of cyber insurance in North America.
Insurance Updates
Insurance Updates
Ariane Flieger
Published on May 12, 2021, 10:54 PM
Last year we experienced exceptional growth and worked hard to strengthen our company culture. We are deeply pleased to announce we’ve made the list of Inc.’s Best Workplaces 2021.
Insurance Updates
Insurance Updates
Michael Carr
Published on May 7, 2021, 6:42 PM
We underwrite based on our detailed assessment of an applicant’s technology, as opposed to a cookie-cutter requirement that certain industries or company sizes fall into.
Product Updates
Joshua J. Motta
Published on May 6, 2021, 11:26 PM
There isn’t a single day that we aren’t helping our customers recover from and remain resilient on their own worst days. This is how we responded to the recent Codecov breach.
Insurance Updates
Catherine Lyle
Published on May 5, 2021, 11:15 PM
This series shares real stories from Coalition policyholders who navigated a cyber insurance claim. This manufacturer made a pandemic pivot and was hit with ransomware. We helped them recover from property damage.
Product Updates
Aaron Kraus
Published on April 26, 2021, 8:20 PM
Coalition’s ability to pinpoint cyber risks and offer dedicated support is unique. Here is how we responded to recent Microsoft Exchange vulnerabilities and the actions we took to protect our policyholders.
Tips
Aaron Kraus
Published on April 15, 2021, 6:19 PM
Security is fast-paced, and the terminology is a challenge. Here are some key cybersecurity acronyms you should know: OSINT, IOC, TTP, and C2.
Product Updates
Bob Wilkinson
Published on April 14, 2021, 3:57 PM
Bob Wilkinson, Head of Engineering, just hit his 6-month mark at Coalition. He went from FAANG to a high-growth startup. He's not looking back. What has he learned?
Product Updates
Marisa Krystian
Published on April 9, 2021, 4:44 PM
Meet Ketan Nayak, Product Lead at Coalition. Find out why Ketan is passionate about creating user-centric solutions that align with our mission to solve risk.
Tips
Tips
Jeremy Turner
Published on April 8, 2021, 5:05 PM
Facebook was recently hacked. Let's explain what credential theft is and the techniques bad actors use to steal personal information. Plus, what you can do to protect yourself.
Tips
Tips
Aaron Kraus
Published on April 1, 2021, 6:03 PM
Canadian income tax filing deadlines are coming up (4/30), and COVID-19 continues to interrupt everyday life. Unfortunately, scammers are taking advantage. Learn how to protect yourself.
Tips
Shelley Ma
Published on March 30, 2021, 10:52 PM
Shelley Ma, Incident Response Lead at Coalition, thought she would study forensic biology — until she met digital forensics. Let her walk you through a digital crime scene.
Insurance Updates
Rich Gatz
Published on March 25, 2021, 6:16 PM
New York's DFS acknowledges the importance of cyber insurance and asserts that “cyber insurance plays a key role in managing and reducing cyber risk.”
Insurance Updates
Marisa Krystian
Published on March 23, 2021, 5:08 PM
Meet Jonathan ‘JT’ Thomas, a former broker turned Coalition Customer Success leader. Get to know JT and find out what sets our Customer Success team apart.
Insurance Updates
Joshua J. Motta
Published on March 17, 2021, 10:00 AM
We’re pleased to announce that we closed an additional funding round led by Index Ventures and General Atlantic bringing our total funding to $300 million.
Insurance Updates
Shawn Ram
Published on March 16, 2021, 1:31 AM
Despite changing cyber insurance market conditions, Coalition remains an industry leader, with lower claims frequency and loss ratio when compared to other carriers.
Insurance Updates
Shawn Ram
Published on March 11, 2021, 4:43 PM
Swiss Re has been a partner since our launch in 2018, and they have strengthened their commitment following our strong growth and performance.
Tips
Tips
Aaron Kraus
Published on March 4, 2021, 6:39 PM
Microsoft announced it had detected multiple exploits being used to attack on-premises versions of Microsoft Exchange Server in limited and targeted attacks. What you need to know.
Insurance Updates
Insurance Updates
Marisa Krystian
Published on March 2, 2021, 4:44 PM
Meet Emily Agramonte, a key member of Coalition's Business Development team. She’s had a passion for helping people manage risk from day one. This is her story.
Tips
Catherine Lyle
Published on February 24, 2021, 5:40 PM
Imagine you have the opportunity to sit down with your future hacker. What would they say? We know: enable Two-factor Authentication (2FA) and avoid funds transfer fraud.
Insurance Updates
Shawn Ram
Published on February 17, 2021, 4:46 PM
We just announced a multi-year partnership with Arch Insurance North America, which provides us with long-term capacity for our U.S. and Canada Cyber and Tech E&O programs.
Tips
Aaron Kraus
Published on February 11, 2021, 10:45 PM
A recent cyber attack against a Florida water treatment facility shows the extreme dangers of remote access connected to the internet and reusing passwords.
Tips
Leeann Nicolo
Published on February 9, 2021, 6:43 PM
By relying on cloud services and their vendor partners, you are opening yourself up to more risk — risk you can’t control. It's known as supply chain risk.
Insurance Updates
Rich Gatz
Published on February 4, 2021, 10:56 PM
With cyber incidents, time matters, and the readiness of the response to the threat can be the difference between a non-event or widespread access to your network.
Tips
Aaron Kraus
Published on February 3, 2021, 12:48 AM
We’ve compiled a list of common cybersecurity and cyber insurance acronyms, along with simple explanations and key takeaways to help you tackle these risks.
Tips
Tips
Marisa Krystian
Published on January 28, 2021, 10:01 PM
The Coalition Cybersecurity Checklist includes a detailed, easy-to-follow list of steps you can take today to protect your organization where it matters most.
Product Updates
Product Updates
John B. Roberts
Published on January 21, 2021, 6:22 PM
2020 was busy at Coalition. We expanded our tools to help brokers, launched new cybersecurity solutions and partnerships, and expanded to new geographies.
Product Updates
Aaron Kraus
Published on January 19, 2021, 7:09 PM
Due to the partnership between Coalition and Malwarebytes, we were given notice of an attack on Malwarebytes’ Microsoft 365 and Azure environment. Details here:
Tips
Aaron Kraus
Published on January 14, 2021, 2:30 AM
Mimecast, a provider of email security products and services, disclosed a security incident that impacts Microsoft 365 email users. Here is what you should know:
Tips
Marisa Krystian
Published on December 17, 2020, 4:53 PM
The 2021 Coalition Cybersecurity Guide is designed for small businesses who want specific and actionable recommendations to protect their organization from cyber threats.
Product Updates
Jeremy Turner
Published on December 16, 2020, 4:43 PM
This week, the US government fell victim to a cyber attack — not for the first time. And just one week earlier, a major cybersecurity and forensics company announced they'd been compromised as well. It’s been a busy week in the cybersecurity industry!
Insurance Updates
Dale Schulenberg
Published on December 11, 2020, 8:56 PM
The new IoT Cybersecurity Improvement Act offers guidelines to manufacturers regarding the standards needed for IoT devices, which Coalition's policy covers.
Insurance Updates
Rich Gatz
Published on December 9, 2020, 8:25 PM
The Canadian federal government recently outlined a new privacy bill that is set to be put in front of the Canadian legislature in 2021. It can be hard to keep up, but Coalition has you covered.
Insurance Updates
Insurance Updates
Karan Haribhakti
Published on December 8, 2020, 6:47 PM
Coalition has two new technology solutions for its partners. Introducing the Coalition API for easy integration and Partner Portals for a faster way to offer insurance.
Product Updates
Product Updates
Bob Wilkinson
Published on December 3, 2020, 6:54 PM
Coalition joins a list of companies that are using AWS to change the face of financial services. AWS gives us the confidence we need to focus on our own core business value.
Insurance Updates
Michael Carr
Published on December 2, 2020, 7:15 PM
We've eliminated out-of-pocket security and forensics services costs for policyholders facing a cyber claim. Because we share the same goal — solve cyber risk.
Insurance Updates
Leeann Nicolo
Published on November 25, 2020, 5:15 PM
This series shares real stories from Coalition policyholders who navigated a cyber insurance claim. Read on to see how we helped this manufacturing company recover from a ransomware attack.
Product Updates
Tiago Henriques
Published on November 21, 2020, 12:25 AM
We are always looking for new ways to expand the types of data, services, and vulnerabilities we scan for. We just added two new ways to keep our customers secure: JARM and SMB.
Product Updates
Matt Dort
Published on November 16, 2020, 8:24 PM
Coalition is proud to announce a partnership with Malwarebytes, a leading provider of advanced endpoint protection and remediation solutions. Learn more.
Insurance Updates
John B. Roberts
Published on November 12, 2020, 10:34 PM
This series shares real stories from Coalition policyholders who navigated a cyber insurance claim. Read on to see how we helped this organization successfully tackle a DDoS attack.
Tips
Catherine Lyle
Published on November 10, 2020, 9:16 PM
California voters passed Proposition 24, a ballot measure that amends the CCPA, now known as the California Privacy Rights Act of 2020 (CPRA). What you should know.
Product Updates
Product Updates
Matt Dort
Published on November 10, 2020, 2:20 AM
Coalition is excited to announce a partnership with Twingate, an alternative to the outdated virtual private networks (VPNs) many of us depend on today.
Tips
Tips
Leeann Nicolo
Published on November 6, 2020, 11:10 PM
Thanks to a new attack method, Office 365 email users are still vulnerable even if they use multi-factor authentication (MFA). Here’s what you need to know.
Product Updates
Tiago Henriques
Published on November 5, 2020, 11:15 PM
We’ve packaged data from our new Claims Calculator and Coalition Risk Assessment into a client-ready document with personalized security recommendations.
Insurance Updates
Jason Bucher
Published on October 22, 2020, 7:16 PM
Regardless of the nature of the cyber event or size of the company, affordability is always a crucial factor. Here is how you can avoid the cyber credit crunch after an attack.
Product Updates
Bob Wilkinson
Published on October 20, 2020, 7:46 PM
This is how we plan to build a world-class engineering culture at Coalition that is capable of scaling with our customers, products, and team.
Insurance Updates
Catherine Lyle
Published on October 14, 2020, 9:16 PM
When looking at ransomware advisories, like OFAC's latest, one thing is clear: ransomware is on the rise and not going away any time soon — but can you pay the ransom?
Tips
Scott Walsh
Published on October 12, 2020, 8:24 PM
Scanning the internet is a huge task. I was asked to improve our ability to detect and communicate with exposed SMB services. It was slow, so I made the process faster.
Product Updates
Bob Wilkinson
Published on October 5, 2020, 4:43 PM
For the last six years, I was the General Manager for CloudWatch and X-Ray at Amazon Web Services.
Tips
Tips
Nelson Auner
Published on October 2, 2020, 9:32 PM
How Coalition integrated technology variables, traditional rating factors, and mathematical methods to file one of the first admitted cyber products in the state of Florida.
Insurance Updates
Insurance Updates
Jeremy Turner
Published on September 24, 2020, 11:01 PM
Cybersecurity is a tough risk to quantify (let alone understand) because most business owners and risk managers aren’t experts, and this risk is invisible and incredibly technical.
Tips
Jeremy Turner
Published on September 18, 2020, 10:21 PM
Sender Policy Framework (SPF) helps servers verify that email messages appearing to come from a particular domain are legitimate.
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Jeremy Turner
Published on September 11, 2020, 4:44 PM
Remote Desktop Protocol (RDP) is the prevailing indicator concerning ransomware claims, and data shows that companies are specifically targeted due to the mere presence of RDP.
Insurance Updates
Jen McPhillips
Published on September 10, 2020, 12:48 PM
Our 2020 Cyber Insurance Claims Report explores top cybersecurity trends and threats facing organizations today, in addition to the impact of COVID-19 on cyber insurance claims.
Insurance Updates
Jen McPhillips
Published on September 1, 2020, 7:43 PM
CB Insights has unveiled the Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. We are happy to announce that Coalition has made the list!
Tips
Jeremy Turner
Published on August 12, 2020, 8:00 PM
Ransomware events are dangerous. While it's best to avoid infections in the first place, the best way to recover from an attack is by having good backups.
Insurance Updates
Joshua J. Motta
Published on May 20, 2020, 2:00 PM
We're excited to announce that Coalition raised $90 million in equity capital to fuel its mission to solve cyber risk, and support its rapid growth and global expansion.
Insurance Updates
Insurance Updates
Miki Ho
Published on May 18, 2020, 3:00 PM
What’s unique about cyber risk is that it is inherently global. The free tools, technology, and intelligence that protect all of our US-based policyholders are just as applicable to entities based outside the US. As of May 2020, we’ve launched in Canada!
Insurance Updates
Insurance Updates
Catherine Lyle
Published on May 5, 2020, 10:59 PM
While Coalition’s claims team sees a variety of cyber events on a daily basis, we understand that the quickest way to monetize the crime will always be the most common. During the COVID-19 pandemic, the crime of choice is funds transfer fraud by way of email intrusion.
Insurance Updates
Joshua J. Motta
Published on April 8, 2020, 2:43 PM
The hallmark of a great (cyber) insurance policy is that it is broadly written to cover every imaginable loss scenario — yes, including those arising from a pandemic! — while clearly defining which scenarios are excluded from coverage.
Tips
Tiago Henriques
Published on April 6, 2020, 2:00 PM
Data tells us the state of policyholders' risk exposure, potential vectors of attack when a claim is filed, and shows us trends and accumulation in our books. Data is a large part of our DNA.
Tips
Jen McPhillips
Published on March 20, 2020, 10:18 PM
Best practices for your team to stay productive and secure while working remotely
Tips
Jen McPhillips
Published on March 19, 2020, 8:01 PM
Best practices for your team to stay productive and secure while working remotely
Product Updates
Joshua J. Motta
Published on January 22, 2020, 2:00 PM
Coalition has acquired BinaryEdge, the leading security and threat intelligence provider. This acquisition enables us to improve our cyber insurance underwriting capabilities and provide free, real-time security monitoring to Coalition policyholders.
Tips
Leeann Nicolo
Published on December 12, 2019, 7:35 AM
Ransomware continues to be one of the largest areas of cybersecurity claims for businesses and local governments. Over the past few weeks, we have witnessed a spike in ransomware infections and claims across Coalition insureds – and we project the number and frequency to continue to rise
Tips
Tips
John B. Roberts
Published on September 10, 2019, 1:00 PM
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
Insurance Updates
Insurance Updates
Joshua J. Motta
Published on August 1, 2019, 5:47 PM
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.
Product Updates
Dr. Lee V. Mangold
Published on June 24, 2019, 3:22 PM
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.coalitioninc.com/announcements/coalition-partners-with-curricula-to-bring-effective-security-awareness-training-to-cyber-insurance-policyholders] a new partnership with security awareness training ve
Product Updates
Joshua J. Motta
Published on May 9, 2019, 4:00 PM
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.
Tips
Nelson Auner
Published on March 13, 2019, 5:21 AM
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
Tips
Joshua J. Motta
Published on December 7, 2018, 7:09 AM
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
Insurance Updates
Joshua J. Motta
Published on October 30, 2018, 6:48 PM
We're excited to announce that we’ve been named to this year’s CB Insights’ Fintech 250 [https://www.cbinsights.com/research/report/fintech-250-startups-most-promising/] list, a prestigious group of the most promising companies working on financial technology across the globe. We’re humbled to be included among thirty fintech unicorns (i.e., companies valued at over $1bn) and as one of only twenty other Insurance companies. Naturally, this wouldn’t have been possible without the support of ou
Tips
Joshua J. Motta
Published on October 23, 2018, 4:59 PM
This article originally appeared in Advisen FPN on October 23, 2018. From the hacker’s perspective, it’s the perfect crime. Cyber criminals use your organization’s computing power to mine cryptocurrency, without you even realizing you’ve been compromised. Maybe you notice that your organization's computers are running slower and more sluggishly than usual. Perhaps you receive an unusually high bill from one of your web services providers. There’s no data loss, no business interruption, none of
Insurance Updates
Insurance Updates
John B. Roberts
Published on September 20, 2018, 1:05 PM
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.coalitioninc.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:
Insurance Updates
Insurance Updates
John B. Roberts
Published on June 12, 2018, 11:15 AM
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
Tips
Alex Becker
Published on April 30, 2018, 6:57 PM
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
Insurance Updates
Joshua J. Motta
Published on April 17, 2018, 11:23 PM
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-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 after go
Insurance Updates
Joshua J. Motta
Published on February 28, 2018, 12:00 PM
Dear extended Coalition team, We’re thrilled to announce [https://www.coalitioninc.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
Product Updates
John B. Roberts
Published on February 13, 2018, 11:30 AM
Today we announced [https://www.coalitioninc.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.coalitioninc.com/cybersecurity] offered to all Coalition policyholders. This new app allows any organization to receive and respond to security vulnerabilities
Insurance Updates
Joshua J. Motta
Published on January 30, 2018, 10:07 PM
Dark Reading, long one of the most widely-read cyber security news sites on the web, recently ran a story warning of the “10 Costs Your Cyber Insurance Policy May Not Cover [https://www.darkreading.com/risk/10-costs-your-cyber-insurance-policy-may-not-cover/d/d-id/1330888] .” We noticed this as well. Most cyber insurance policies simply do not cover many of the real-world risk exposures companies face as they embrace technology (and all of its consequences). This is one of the reasons why we fou
Insurance Updates
Joshua J. Motta
Published on January 9, 2018, 5:40 AM
In this installment of our blog we ask the age-old insurance question: Is it covered? As you may have read in our last post [https://www.coalitioninc.com/blog/cyber-meltdown-and-the-spectre-of-uninsurable-risk/] , two major security flaws were recently 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 s
Insurance Updates
Insurance Updates
Joshua J. Motta
Published on January 8, 2018, 6:08 PM
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
Insurance Updates
Insurance Updates
Catherine Lyle
Published on December 11, 2017, 6:55 PM
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
Product Updates
Shawn Ram
Published on December 7, 2017, 5:37 PM
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
Insurance Updates
Joshua J. Motta
Published on December 5, 2017, 1:13 AM
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.coalitioninc.com/cybersecurity]!), and to mitigate and recover from it when it occurs. This is because the overarching purpose of Coalition
Coalition’s products are offered with the financial security of Swiss Re Corporate Solutions* legal entities (A.M. Best A+ rating), Lloyd’s of London (A.M. Best A rating), Arch Specialty Insurance Company (A.M. Best A+ rating), and Argo Pro US** (A.M. Best A- rating).
WHAT WE DO
© 2021 Coalition, Inc. | Licensed in all 50 states and D.C. | CA License # 0L76155
*Insurance products may be underwritten by North American Capacity Insurance Company, North American Specialty Insurance Company, or an affiliated company, which are members of Swiss Re Corporate Solutions. **Insurance products may be underwritten by Peleus Insurance Company, Colony Specialty Insurance Company, or an affiliated company, which are members of Argo Group US, Inc.