Coalition, the leading cyber insurance and security company, and SentinelOne, a leading automated endpoint detection and response (EDR) provider, announced a partnership to offer a combined solution of best-in-class threat monitoring and cyber insurance to protect organizations from ransomware. The partnership offers customers of both Coalition and SentinelOne financial incentives to adopt EDR solutions and cyber insurance to promote a more holistic risk management strategy.
Ransomware has been an increasing threat targeting organizations of all sizes. In 2020, 47 percent of cyber insurance claims reported to Coalition were ransomware attacks and targeted businesses of all sizes. The majority of these claims could have been prevented with an EDR solution in place or contained with rapid incident response services.
“The complexity, severity, and frequency of cyber attacks continue to increase. To keep pace, the tools and services we arm our policyholders with need to match this trajectory,” said Matt Dort, Head of Technology Alliances for Coalition. “Partnering with SentinelOne brings scale to our incident response and simplicity to intricate threats.”
“A risk management strategy shouldn’t end with security solution deployment,” said Chuck Fontana, Senior Vice President, Business & Corporate Development for SentinelOne. “The combination of Coalition’s cyber insurance and SentinelOne’s suite of services ensures there are no gaps in an organization’s strategy.”
SentinelOne Singularity XDR, which is a combination of endpoint protection and endpoint detection and response, provides next-gen prevention and EDR capabilities to achieve autonomous protection, visibility, and response at machine speed. SentinelOne recently participated in the MITRE Engenuity evaluation, where it was the only vendor to achieve complete visibility with zero missed detections across both Windows and Linux environments. SentinelOne was also recognized by Gartner as a Leader in the 2021 Magic Quadrant for Endpoint Protection Platforms and received the highest score for all three customer types in Gartner’s Critical Capabilities for Endpoint Protection Platforms report.
Coalition’s unique product and partner offering combines best-in-class cyber insurance and proactive cybersecurity tools to help organizations manage cyber threats and protect the value of their entire business. Its all-new platform, Coalition Control, provides free attack surface monitoring to any organization to help them visualize and mitigate their cyber risk right away. Inside Coalition Control is a robust partner ecosystem that helps prevent incidents from happening, while Coalition’s comprehensive cyber insurance covers the full breadth of cyber peril, including cyber crime, forensics, bodily injury and property damage, and more, to offer support before, during, and after a crisis.
To learn more about Coalition, visit https://www.coalitioninc.com/.
To read more about SentinelOne, visit their blog or website at https://www.sentinelone.com/.
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