The average ransomware loss hit $353,000 this year 📈
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Case Studies
Funds Transfer Fraud
Case Study
Property manager’s compromised vendor sends more than $180,000 to fraudulent account
Property manager’s compromised vendor sends more than $180,000 to fraudulent account
Case Study
Threat actor poses as new client and convinces law firm to wire $89,000 in debt collection scheme
Threat actor poses as new client and convinces law firm to wire $89,000 in debt collection scheme
Case Study
Environmental technology company duped in coordinated social engineering scam
Environmental technology company duped in coordinated social engineering scam
Case Study
Labor union recovers $5.5M from international bank account from fraudulent wire transfer
Labor union recovers $5.5M from international bank account from fraudulent wire transfer
Case Study
Racing against the clock to recover $1.3M from a phishing attack
Case Study
Coalition Claims team saves law firm $150,000 in social engineering attack
Blog
Timely Reporting Can Be the Deciding Factor in Cyber Insurance
The cyber insurance industry must work to normalize the reporting of suspicious activity and encourage businesses to use the resources at their disposal.
Blog
Coalition Clawbacks: Putting Stolen Funds Back in Policyholders’ Pockets
When threat actors commit funds transfer fraud, Coalition goes where others can’t to “claw back” stolen funds — recovering an average of $162K per FTF claim.
Blog
How Coalition Recovered $5.5M After Funds Transfer Fraud
After a Coalition policyholder mistakenly wired money to a fraudulent account, our claims team jumped into action and recovered 85% of the initial loss.
Blog
Coalition coverage: Can you recover your funds from a fraudulent transfer?
You’ve experienced a funds transfer fraud event. Find out how your Coalition cyber insurance policy will attempt to recover the funds and get you back to business.
Blog
Coalition Claims Chronicles: Racing against the clock to recover $1.3M from a phishing attack
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 products offered by Coalition may be written on behalf of third-party carriers including Allianz Group* (A.M. Best A+ rating), Arch Specialty Insurance Company (A.M. Best A+ rating), Ascot Group** (A.M Best A rating), Fortegra Group (A.M. Best A- rating), Lloyd’s of London (A.M. Best A rating), Swiss Re Corporate Solutions*** legal entities (A.M. Best A+ rating), Vantage Risk Specialty Insurance Company (A.M. Best A- rating), and Chaucer Insurance Company DAC (A.M. Best A rating).
