The Source for Cyber Insurance News, Insights and Data
The adage “two is one, and one is none” has long been applied to the non-digital world, emphasizing the importance of redundancy. In the realm of cybersecurity, this concept is relatively new but crucial. With that concept in mind, Backblaze, Inc., a cloud storage provider, has partnered with Coalition, a cyber insurance company, to integrate … Read more
In a collaborative effort to strengthen digital defenses and improve cyber insurance accessibility, CrowdStrike has unveiled its new Falcon for Insurability program. This initiative is designed to help organizations qualify for cyber insurance with top-tier protection at preferred rates. The program allows insurers like Ascot Group, AXA XL, Beazley Insurance, Berkley Cyber Risk Solutions, Coalition, … Read more
Coalition, an Active Insurance provider, has expanded into the excess cyber insurance market in Australia. This move allows businesses to enhance their cyber risk management with up to AUD 20 million in additional coverage on top of their primary insurance. Australian brokers can now offer Coalition’s excess policies, which include drop-down cover for specific sub-limited … Read more
Coalition, an Active Insurance provider, released its 2024 Cyber Claims Report, revealing that over half of all cyber insurance claims in 2023 were due to email-related fraud. The report, detailing emerging cyber trends and their impact on policyholders, found that 56% of claims stemmed from funds transfer fraud (FTF) and business email compromise (BEC), underscoring … Read more
Coalition, an insurance company focused on digital risk prevention, announced the integration of its Coalition Control platform with major cloud services, including Microsoft 365, Google Workspace, and Amazon Web Services. This new feature will allow businesses to connect their cloud services to Coalition Control, aiming to provide a more comprehensive view of their cybersecurity risks. … Read more