Security News
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.
Coalition, a San Francisco-based cyber insurance provider for SMBs, on Wednesday announced that it has acquired internet scanning and threat intelligence services provider BinaryEdge. Coalition is backed by insurers Swiss Re Corporate Solutions, Lloyd's of London, and Argo Group, and it provides customers in the United States up to $15 million of cyber and technology insurance coverage.
One of the biggest challenges for CISOs is deciding an indemnity limit on cyber insurance, says Bhishma Maheshwari, executive vice president at insurance broker Marsh India. "A lot of times when we meet the CISOs ... their biggest challenge is how do we arrive at the limit of insurance to buy. Since it is essentially a contingent capital which you are buying, to arrive at the right kind of limit is very important," Maheshwari says in an interview with Information Security Media Group.
Cyber Has Emerged as a Risk That is Not Specifically Covered by Other Insurance Policies read more
With cyberattacks increasing, it's becoming more and more important for companies to protect themselves. Tom Merritt lists five things you should know about cyber insurance.
Cyber insurance can help protect your organization from the financial costs associated with data breaches. Learn the details to decide if it's the right fit for your company.
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