Claims

From Widespread Damage to Failure to Launch: The Celebrity CVEs of 2023
The number of CVEs has been steadily rising for years. Coalition reflects on the CVEs from 2023 that were the most (and least) impactful.

Everything You Always Wanted to Know About Ransomware Negotiation (But Were Afraid to Ask)
Have you ever wondered how ransomware negotiations and payments happen? An Incident Responder breaks down everything from crypto to AI and more.

Coalition Clawbacks: Putting Stolen Funds Back in Policyholders’ Pockets
When threat actors commit funds transfer fraud, Coalition goes where others can’t to “claw back” stolen funds — recovering an average of $162K per FTF claim.

Maintaining Credible Data Backups to Minimize Downtime
A manufacturer’s ransomware claim at Coalition emphasizes the importance of maintaining reliable data backups for incident recovery.

Ransomware Claim Illustrates Importance of Early Reporting
Discover why notification at the first sign of a cyber incident gives businesses the greatest chance at recovering without significant loss.

How Coalition Recovered $5.5M After Funds Transfer Fraud
After a Coalition policyholder mistakenly wired money to a fraudulent account, our claims team jumped into action and recovered 85% of the initial loss.

Incident Response Impact: A Tale of Two Cyber Claims
When it comes to cyber incidents, time is critical. Learn why speed matters from two real case studies and how Coalition can help.

Threat Actors Aren’t Targeting Your Business — You’re Just Making the Cash Grab Easy
Coalition’s Head of Claims explains why funds transfer fraud is now the top attack method, along with other key findings from the 2023 Cyber Claims Report.

Security Alert: Royal Ransomware Targeting Firewalls
Coalition Incident Response (CIR) has observed increased instances of Royal Ransomware among policyholders using end-of-sale firewall appliances.

Help your clients avoid holiday cyber scams
Coalition’s Incident Response Lead, Leeann Nicolo reviews common holiday cyber scams and how to avoid falling victim to them.

The Evolution of Ransomware — a cyber claims perspective
Claims Counsel Kirsten Mickelson shares her perspective on how ransomware has evolved over the last decade, plus how Coalition makes a real difference.

Cyber Claims Update: ransomware levels off, risks persist for SMBs
Coalition Cyber Claims Report Mid-year Update shares cyber incident trends for 2022 in ransomware, phishing, funds transfer fraud (FTF) and their impact on SMBs

9 Ways for Brokers to Help a Client After a Cyber Incident
Brokers can follow Coalition’s step-by-step list for helping your clients secure cyber insurance coverage after an incident.

Revisiting the value of cyber insurance
As ransomware and other costly incidents rise, brokers can help serve insureds as advisors in the value of cyber insurance. Here are some useful insights.
