Leading solutions providers reduce business risk of malware attacks by providing combination of best-in-class endpoint security and cyber insurance
SAN FRANCISCO — November 16, 2020 — Coalition, the leading cyber insurance and security company, and Malwarebytes, a leading provider of advanced endpoint protection and remediation solutions, today announced a partnership to offer a combined solution of best-in-class endpoint security and cyber insurance to protect organizations from cyberthreats. The partnership offers customers of both Coalition and Malwarebytes financial incentives to adopt endpoint security and cyber insurance to promote a more holistic risk management strategy.
Even with the best defenses in place, all organizations are at risk of cyber threats; 60% percent of cyber insurance claims are caused by human error and ransomware continues to target businesses of all sizes. The average ransomware demand increased 47% in the first half of 2020.
“Ransomware is now one of the single greatest financial risks faced by organizations, and the threat will remain for years to come,” said Joshua Motta, CEO of Coalition. “Together with Malwarebytes, we offer organizations end-to-end protection to help prevent cyber attacks, to respond with emergency response services when they occur, and, most importantly, to help organizations recover operationally and financially in the aftermath with comprehensive cyber insurance.”
“Today, layered protection against threats is critical – and not just when it comes to your technology stack,” said Marcin Kleczynski, CEO of Malwarebytes. “Our partnership with Coalition ensures total peace of mind by pairing our cutting-edge cybersecurity solutions with best-in-class cyber insurance.”
Malwarebytes reduces efforts, risks, and costs with enterprise-class endpoint detection and response software for firms. Malwarebytes for Business blocks ransomware, malware, and other advanced threats that other products miss. Malwarebytes delivers multiple modes of endpoint isolation, removes artifacts, changes and process alterations, while providing the industry’s only 72-hour ransomware rollback capability.
Coalition’s unique product offering combines best-in-class cyber insurance and proactive cybersecurity tools to help organizations manage cyber threats and protect the value of their entire business. Its cybersecurity tools help prevent incidents from happening in the first place, while its comprehensive cyber insurance covers the full breadth of cyber peril, including cyber crime, forensics, bodily injury and property damage, and more, to offer support before, during, and after a crisis. You can learn more about Coalition by visiting coalitioninc.com.
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 Swiss Re Corporate Solutions, Lloyd’s of London, and Argo Group, Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage in all 50 states and the District of Columbia, as well as CAD $20M of coverage across all 10 provinces in Canada. Coalition’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks. Headquartered in San Francisco, Coalition has presences in New York, Los Angeles, Chicago, Dallas, Washington DC, Miami, Atlanta, Denver, Austin, and now Vancouver and Toronto.