cyber security

What is no medical life insurance

Would you like tools with your cyber insurance?

A 2021 ICTA nomination

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.

Benefits

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.

About Coalition

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.

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What is no medical life insurance

Multi-Factor Authentication a Critical Part of IT Security for Insurers

As security threat landscape continues to grow, legislation and regulators are mandating MFA to reduce identity theft and other forms of fraud; new report profiles 14 prominent providers

Boston, MA (Apr. 6, 2021) – While insurers have traditionally balanced security against expense and inconvenience to their users, the security threat landscape continues to grow in number and impact. In a new executive brief, Multi-Factor Authentication: Overview and Prominent Providers, research and advisory firm Novarica provides an overview of MFA, business drivers and use cases in insurance, current and planned usage among insurers, and profiles 14 prominent providers.

“Although many carriers are not currently considering MFA for all users, regulatory scrutiny and enforcement of IT security will only increase,” said Deb Zawisza, Vice President of Research and Consulting, and co-author of Novarica’s new brief. “The ability of most solutions to offer different levels of authentication for different access use cases means there is less of a tradeoff between customer experience and security.”

Click here for the table of contents or to access the report.

Report Summary

As the security threat landscape grows in number and impact, insurers should consider multi-factor authentication (MFA) approaches as part of a broader IT security strategy. This brief provides an overview of multi-factor authentication (MFA), business drivers and use cases in insurance, current and planned usage among insurers, and profiles of 14 prominent providers.

Many insurers have deployed multiple authentication methods, with the primary driver being risk management. MFA is in use both internally and externally. With many insurers forced to enable remote operations during the pandemic, and continuing regulatory pressure for increased data security, multi-factor authentication has gained renewed attention.

Providers profiled in this brief include Broadcom, CyberArk, DeepNet Security, Duo Security (part of Cisco), ForgeRock, Ilantus, Iovation (part of TransUnion), LexisNexis Risk Solutions, Okta, OneLogin, OneSpan, Ping Identity, RSA, and Thales Group.

Click here for the table of contents or to access the report.

About Novarica

Novarica helps more than 150 insurers make better decisions about technology projects and strategy. Its research covers trends, best practices, and vendors, leveraging relationships with more than 300 insurer CIO members of its Research Council. Its advisory services provide enterprise phone and email consultations on any topic for a fixed annual fee. Consulting services range from assessments and strategic roadmaps to vendor evaluations. For more information, visit www.novarica.com.

Source: Novarica

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Read the original article at Insurance-Canada.ca