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. 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…
Dear extended Coalition team, We’re thrilled to announce 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 Director at Softbank Vision Fund). Why? Put simply: we’re…
Today we announced the HackerOne Response app in partnership with HackerOne, another tool in the growing cyber risk management platform offered to all Coalition policyholders. This new app allows any organization to receive and respond to security vulnerabilities discovered by trusted hackers before criminals can exploit them, and is provided to all Coalition policyholders at no cost. In addition to helping secure your organization, you’ll also pay…
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.” 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…
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, 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 and Spectre, could allow hackers to steal data and secrets from any vulnerable computer, including…