The Source for Cyber Insurance News, Insights and Data
Coalition, a pioneer in active insurance designed to preempt digital threats, unveiled its Active Cyber Insurance products in Australia. These products go beyond mere risk transfer, serving as an innovative solution tailored for the digital age. They collaborate with organizations to analyze cyber risk profiles, bolster their defenses, and avert future attacks. The need for … Read more
Insurers say ransom-related claims rose sharply in the first half of 2023, the Wall Street Journal reports in this article (paywall may apply). “Along with the rise in claims related to ransomware, the total amount paid to attackers has also increased, said Vishaal Hariprasad, Resilience’s chief executive. Citing figures from Chainalysis, which specializes in blockchain … Read more
“Computers specially configured (by Coalition) to make cyber criminals think they were small businesses operating in London were attacked by hackers over 2,000 times every minute this January.” Most attacks involved attempts to hack remote desktop connections. “’These results show just how much home working has widened businesses’ attack surface – the number of internet … Read more
The Company is now offering its active cyber insurance to companies with up to $5 billion revenue. “The company’s increased capacity above its existing limit of $1 billion comes from a syndicated placement across many of its existing partners. ‘By opening up our capacity to enterprise businesses with $5 billion in revenue, we are widening … Read more
The carrier, backed by Coalition’s active insurance platform, rolls out across the nation during 2023. It received an A- rating from AM Best at the end of January. Source: Coalition Launches Full-Stack Cyber Insurer for SMBs