What happened to Capital One could happen to any business. Fortunately, they were insured.

Published on by Joshua J. Motta.

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. Background: on Monday, July 29th, Capital One announced that a hacker had compromised the personal information of more than 100 million people, in one of the largest-ever thefts…

Introducing Security Awareness Training, provided in partnership with Curricula

Published on by Dr. Lee V. Mangold.

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 a new partnership with security awareness training vendor Curricula. All Coalition policyholders now have access to 15…

Putting $40M to work for you — our partners and policyholders

Published on by Joshua J. Motta.

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. Why? Put simply: 2019 is shaping up to be a massive year for Coalition, and we want to quadruple down (literally) on our mission to solve cyber risk. Practically speaking, this…

Improving Cyber Underwriting with Active Learning

Published on by Nelson Auner.

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 is a subset of machine learning where the algorithm is able to "phone a friend", game-show style. The…

What Major Data Breaches Tell Us About Cybersecurity Today

Published on by Joshua J. Motta.

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,…