Security News > 2020 > January > Coalition improves its cyber insurance and security platform with the acquisition of BinaryEdge

Coalition, the leading cyber insurance provider for small and midsize businesses, announced it has acquired Internet scanning and cybersecurity pioneer BinaryEdge.

Coalition will integrate BinaryEdge's technology with its cyber insurance and security platform, allowing Coalition policyholders to easily map their Internet attack surface, monitor risk exposures in real-time, and proactively fix vulnerabilities so that they can stay one step ahead of their adversaries.

With the acquisition of BinaryEdge, Coalition is now able to offer 24/7 security monitoring to safeguard an organization, as well as comprehensive insurance coverage for technology failures and cybercrime.

"While most insurers only respond after an incident, Coalition is now uniquely positioned to provide organizations with the data and tools they need to prevent and mitigate losses before they occur," said Joshua Motta, CEO of Coalition.

Effective immediately, Coalition is using BinaryEdge's Internet scanning technology to continuously monitor the over 10,000 and growing organizations that have selected Coalition as their insurance provider.

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