How does Coalition's 'Active Insurance' differ from traditional cyber insurance policies?
Active Insurance goes beyond traditional reactive coverage by integrating proactive cybersecurity tools and services directly into the policy. It actively monitors for threats, provides risk management insights, and offers security enhancements like MDR and awareness training to prevent incidents before they occur, rather than just paying out after a breach.
What specific types of cyber threats does Coalition's policy cover, and how does it adapt to new threats like AI-phishing?
Coalition's Active Cyber Policy provides comprehensive coverage for a spectrum of cyber risks including ransomware, funds transfer fraud, and AI-phishing. The 'Active Insurance' model is designed to adapt to new and evolving threats by continuously analyzing the threat landscape and updating its preventative measures and coverage to address emerging risks.
Can businesses integrate their existing cybersecurity infrastructure with Coalition's security tools, or are they required to use Coalition's full suite?
While Coalition offers a full suite of cybersecurity tools and services, it also provides a risk management platform to help businesses understand their current risks. The premium add-ons like Automated MDR, Email Security, and Vulnerability Management are designed to strengthen existing defenses, suggesting a complementary rather than strictly mandatory replacement approach, though specific integration details would require direct consultation.
What is the process for a policyholder to engage with the Coalition Incident Response team after a cyber incident?
Policyholders have access to Coalition Incident Response (CIR) experts 24/7. In the event of an incident, the CIR team is designed to jump into action quickly to mitigate threats, recover systems, and assist in recouping funds, providing a streamlined and rapid response process.
How does Coalition's risk management platform help businesses identify and act on their specific cyber risks?
The risk management platform provides easy-to-use tools that analyze threats specific to a business. It leverages data to actively understand potential vulnerabilities and offers actionable insights, allowing businesses to proactively address and strengthen their security posture before an incident occurs.