Will Recession Drive Greater Demand for Cyber Insurance? Coalition Thinks So

“’Unfortunately, the adversarial community, the hacking community, they don’t care,’ (Coalition Head of Insurance Shawn Ram) added. ‘Companies may elect to provide less resources toward cyber-related security and controls. The opportunity for adversaries to take advantage of that increases, so what we have seen is an increased demand and increased desire for cybersecurity.’”

Some investors appear to agree, as Coalition just raised $250 million in a Series E funding round on a $5 billion valuation.

Source: Coalition: Ransomware, Recession Fears Drive Cyber Insurance – SDxCentral

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.