Toronto, ON (Apr. 15, 2021) – In May 2020, Coalition launched its offering in Canada, providing proactive cybersecurity products and services and best-in-class cyber and technology error & omissions insurance to help keep businesses safe. In addition to Incident Response, Coalition offers a full range of free cyber security tools and services to support customers throughout the entire lifecycle of their risk exposure — before, during, and after an incident. These tools include real-time threat intelligence, automated security alerts, and pre-breach security services. Coalition is able to easily map their policyholders’ attack surface, monitor risk exposures in real-time, and fix vulnerabilities so that they can stay one step ahead of their adversaries.
As a result of its real-time threat intelligence, automated security alerts, and pre-breach security services, Coalition has handled 45 percent of reported events without filing a claim and avoiding any expense to the insured. Coalition’s Incident Response and Claims teams have also recovered 84 percent of all funds lost by policyholders in social engineering events.
Coalition offers a $0 retention as part of its policy for its insureds in Canada that use Coalition’s in-house Incident Response services. For small to midsize businesses facing a cyber claim, this policy enhancement provides immediate access to Coalition’s dedicated Incident Response team, with no out-of-pocket retention expense for security and forensics services.
To best serve Canada-based policyholders, Coalition hired cyber investigations leader Shelley Ma, based in Toronto, to lead the expansion of Coalition Incident Response in Canada. An EnCE-certified examiner, Ma previously held leadership roles at Arete Incident Response and Kivu Consulting. She specializes in network intrusion investigations, complex breach investigations, computer forensics and incident response. Since 2014, she has analyzed, responded to and investigated over 600 cases, and has received numerous recognitions for her work.
Ma leads a team of cybersecurity experts throughout Canada that bring experience working with government agencies, leading incident response firms and corporate security teams. This team is available to Coalition’s Canada-based policyholders at no cost and has the authority and expertise to provide immediate assistance. With an average response time of under five minutes, Coalition Incident Response drastically reduces the costs and potential time lag for organizations that experience an attack.
As a result of its real-time threat intelligence, automated security alerts, and pre-breach security services, Coalition has handled 45 percent of reported cyber events without filing a claim and avoiding any expense to the insured. Coalition’s Incident Response and Claims teams have also recovered 84 percent of all funds lost by policyholders in social engineering events.
Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by leading global insurers Swiss Re Corporate Solutions, Arch Insurance, Lloyd’s of London, and Argo Group, Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage in all 50 states and the District of Columbia, as well as CAD $20M of coverage across 9 provinces and 3 territories in Canada. Coalition’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks. Headquartered in San Francisco, Coalition’s team is global with employees based across the United States, Canada, the United Kingdom, Switzerland, and Portugal. For more information, visit www.coalitioninc.com.
SOURCE: Coalition Inc.Tags: Coalition Inc., cyber attacks, Cyber Insurance, cyber security, ICTA nomination