SAN FRANCISCO–(BUSINESS WIRE)–Nov 5, 2019–
Coalition, the leading cyber insurance company for small and midsize businesses, today announced the launch of a free, publicly available cybersecurity and risk assessment tool that assesses the expected probability and severity of a security incident for a company. Using Coalition’s proprietary underwriting platform and claims data, the Cyber Risk Assessment evaluates an organization’s cybersecurity standing relative to other Coalition policyholders, and provides clear cut steps for companies to reduce their risk. The assessment alerts companies about critical software vulnerabilities, exposed databases and infrastructure, malware infections, and lookalike domain registrations, and provides tailored security recommendations to prevent ransomware, data breaches, and social engineering attacks, among other features. Coalition policyholders taking these proactive steps experience less than half the frequency of cyber insurance claims as the overall market, per data from the NAIC.
Technological and cyber risks are now among the…
