US cybersecurity insurance firm Coalition has said it will expand its data analytics platform after securing $40m in a funding round led by Ribbit Capital. Coalition's product covers costs incurred from liabilities related to third-parties, including breach response, ransomware response and extortion. The company is also working with the UK's National Cyber Security Centre (NCSC), which was set up last year as part of an effort to improve UK cyber defences.
US cybersecurity insurance firm Coalition has said it will expand its data analytics platform after securing $40m in a funding round led by Ribbit Capital. Coalition's product covers costs incurred from liabilities related to third-parties, including breach response, ransomware response and extortion. The company also offers insights into and advice on improving businesses' cybersecurity positions.