Coalition News
How Most Ransomware Incidents Start: Report
Most ransomware claims in 2024 started with compromised perimeter security appliances (58 percent), like virtual private networks (VPNs) or firewalls. Remote desktop products were second-most (18 ...
Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows
Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its 2024 Cyber Claims Report: Mid-year Update, ...
Coalition Asks FEMA to Consider Wildfire Smoke, Extreme Heat Eligible for Disaster Funds
A group of 14 attorneys general has formed a coalition to persuade the Federal Emergency Management Agency (FEMA) to initiate rulemaking to update its regulations to recognize extreme heat and ...
Report: Cybercrime ‘A Thriving Business’ as U.S. Claims Frequency Rises
Cyber claims frequency in the U.S. rose 13 percent last year, a new report shows. According to Coalition's 2024 Cyber Claims Report, cybercrime is "a thriving business that adversely impacts" the ...
Cyber Insurers, Reinsurers on Alert After Healthcare Ransomware Attack
A substantial disruption in the U.S healthcare system occurred as a result of a February cyber attack on Change Healthcare (CHC), a subsidiary of UnitedHealth Group. Change Healthcare, a medical data ...
HSB, Coalition Unveil Cyber Insurance Innovations: Cyber Auto; Affirmative AI
In separate announcements late last month, Munich Re's HSB and Coalition unveiled two novel cyber insurance offerings. HSB aims to cover cyber insurance for autos, while Coalition announced an ...
Cyber MGA Coalition Predicts Common Vulnerabilities to Increase 25% in 2024
Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25 percent in 2024 to 34,888 vulnerabilities, or roughly 2,900 per ...
The Latest Launches from Sproutt, Coalition
Sproutt, a life insurance company that serves agencies, agents, and their customers, announced the development of an AI engine that is currently available only to limited groups to boost its ...