The Source for Cyber Insurance News, Insights and Data
Launch of the Active Cyber Policy Coalition has introduced a redesigned cyber insurance policy. The Active Cyber Policy protects against modern digital threats like Funds Transfer Fraud, AI Deepfakes, and AI-caused system errors. This version updates its surplus lines coverage in the U.S. with clearer language and broader cyber insurance protections in an evolving digital … Read more
Coalition Unveils Risky Tech Ranking Cyber insurer Coalition has released its first Risky Tech Ranking, identifying technology providers whose products were most vulnerable to cyber threats. The ranking is designed to help companies make safer technology choices, reduce vendor risk, and improve their cybersecurity resilience. Ranking Methodology Coalition used public data and its proprietary Coalition … Read more
Coalition, the “Active Insurance” provider, has appointed Maha Virudhagiri as its first Chief Technology Officer (CTO). Virudhagiri, formerly with Tesla and Ancestry®, will oversee engineering, IT, infosec, data, and AI efforts to bolster Coalition’s global cybersecurity and insurance solutions. Joshua Motta, Coalition’s CEO, expressed his excitement: “We’re thrilled to have Maha join our team to … Read more
Investment Strengthens Global Cyber Insurance Reach Coalition, a cyber insurance provider, announced a $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group. This investment expands their strategic partnership. It aims to increase the global availability of Coalition’s Active Insurance model for companies seeking to reduce digital risk. … Read more
A recent survey by the UK Home Office reveals that half of UK businesses have experienced cyber security breaches or attacks in the past year, underscoring the escalating digital risks they face. Phishing remains the most prevalent threat, affecting 84% of businesses, while medium and large companies report even higher rates of cyber incidents. As … Read more