Coalition Introduces Cyber Health Rating
San Francisco, CA (Jan. 2, 2025) — Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, has released a new feature in Coalition Control called Cyber Health Rating which provides real-time insights about an organization’s security health and clear guidance on strengthening it. The dynamic metric mirrors a business’ overall security posture and is based on three key factors: attack surface, patching cadence, and threat intelligence. By reflecting an organization’s security improvements, it creates a clear connection between their security efforts and cyber risk reduction.
When a company has a poor security posture with multiple security misconfigurations in its external attack surface it can lead to a ransomware incident. But continuous monitoring of security exposures with a step-by-step action plan to resolve them would help prevent an attack.
According to Coalition claims data, businesses with exposed login panels are 3.1 times more likely to experience a cyber incident, companies using exposed remote access technologies face a 2.5 times higher risk of attacks, and organizations with at least one security contingency are 2.53 times more likely to experience a claim. Yet, most businesses still rely on annual security assessments and checkbox compliance, leaving them vulnerable to evolving threats. With active monitoring and risk management, claims frequency can be reduced by up to 64% compared to industry averages.
Transform how your business understands and strengthens its security posture
When a company faces a ransomware attack, its first question usually isn’t about the technical details that led to the incident. Rather, it’s: How could we have prevented this?
With ransomware payments exceeding $1 billion in 2023 and the average ransom demand reaching $1.3 million in early 2024, this question is more critical than ever.
That’s why we’re excited to introduce Cyber Health Rating in Coalition Control®, an insightful and actionable feature that will transform how businesses understand and improve their security posture. Think of it as your security fitness tracker, providing real-time insights about your organization’s security health and clear guidance on strengthening it.
Coalition claims data paints a clear picture of the evolving threat landscape:
- Businesses with exposed login panels are 3.1 times more likely to experience a cyber incident;
- Companies using exposed remote access technologies face a 2.5 times higher risk of attacks;
- Organizations with at least one security contingency are 2.53 times more likely to experience a claim
Yet most businesses still rely on annual security assessments and checkbox compliance, leaving them vulnerable to evolving threats. Coalition data shows that active monitoring and risk management can reduce claims frequency by up to 64% compared to industry averages.
When you log into Coalition Control, you’ll now see two essential metrics that work together to give you a complete picture of your cyber risk: Cyber Health Rating and Inherent Risk Rating.
Read more on Coalition’s blog that details how the new feature differs from the Inherent Risk Rating and how organizations can use it to improve their security posture.
About Coalition
Coalition is the world’s first Active Insurance provider designed to help prevent digital risk before it strikes. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate potential cyber attacks. Leveraging its relationships with leading global insurers and capacity providers, including Coalition Insurance Company, Coalition offers Active Insurance products to businesses in the United States, the United Kingdom, Canada, Australia, and Germany. Policyholders can receive automated cyber alerts and access expert advice and global third-party risk management tools through Coalition’s holistic cyber risk management platform, Coalition Control®. For more information, visit www.coalitioninc.com.
Insurance products are offered by Coalition Insurance Solutions Inc. (“CIS”), a licensed insurance producer and surplus lines broker with its principal place of business in San Francisco, CA (Cal. license #0L76155), acting on behalf of a number of unaffiliated insurance companies and available on an admitted basis through Coalition Insurance Company (“CIC”) a licensed insurance underwriter (NAIC # 29530). Insurance products offered through CIS and CIC may not be available in all states. Complete license and carrier information is available here. CIS may receive compensation from an insurer or other intermediary in connection with the sale of insurance. All decisions regarding any insurance products referenced herein, including approval for coverage, premium, commission, and fees, will be made solely by the insurer underwriting the insurance under the insurer’s then-current criteria. All insurance products are governed by the terms, conditions, limitations, and exclusions set forth in the applicable insurance policy. Please see a copy of your policy for the full terms, conditions, and exclusions. Copyright © 2024. All rights reserved. Coalition and the Coalition logo are trademarks of Coalition, Inc. or its affiliates.
SOURCE: Coalition via Omnia Partners