Coalition, Malwarebytes Partner for Cyber Insurance, Endpoint Security
Coalition and Malwarebytes are working together to deliver a joint solution that combines cyber insurance and endpoint security, according to a prepared statement. In addition, the companies will offer financial incentives to encourage organizations to leverage cyber insurance and endpoint security.
The combined Coalition-Malwarebytes offering empowers organizations to take a multi-layered approach to guard against cyberattacks, Malwarebytes CEO Marcin Kleczynski indicated. It enables organizations to protect their endpoints against cyber threats and helps them recover operationally and financially following a cyberattack.
Organizations can use Coalition cyber insurance and cybersecurity tools to mitigate cyber threats and prevent data breaches, the company said. Coalition delivers cyber insurance that covers cybercrime, forensics, bodily injury and property damage and cybersecurity tools to help organizations before, during and after a cyberattack.
Comparatively, organizations can leverage Malwarebytes endpoint detection and response (EDR) software to block ransomware, malware and other cyber threats, the company stated. Malwarebytes also provides multiple modes of endpoint isolation and a 72-hour ransomware rollback capability.
What Does the Coalition-Malwarebytes Partnership Mean for Both Companies?
The Coalition-Malwarebytes partnership could help both companies extend their cybersecurity market reach. Furthermore, the partnership comes after each company has made various moves to accelerate its cybersecurity market growth.
Coalition in May raised $90 million in a Series C funding round, which brought its total equity financing to $125 million. The company also partnered with security operations center-as-a-service (SOCaaS) platform provider Coronet last year.
Malwarebytes this month unveiled the Malwarebytes Remediation for CrowdStrike solution to help security operations centers (SOCs) identify and mitigate endpoint attacks. The company previously introduced two endpoint security solutions for servers in April.