CrowdStrike and Coalition Join Forces to Transform Cyber Insurance Readiness

Rhea-AI Summary

CrowdStrike (CRWD) announced a partnership with Coalition to offer the CrowdStrike Falcon platform to Coalition's 160,000 cyber insurance policyholders. This collaboration aims to enhance cybersecurity measures and help policyholders meet key insurance policy contingencies. The partnership allows users to access a 15-day free trial of the Falcon platform and offers discounted bundles tailored to their needs. Executives from both companies emphasized the importance of robust cybersecurity in reducing risks associated with cyberattacks, particularly for small to medium-sized businesses.

Positive

• Partnership with Coalition enhances CrowdStrike's market reach to 160,000 policyholders.
• Offers a 15-day free trial and discounted bundles of the Falcon platform, promoting customer acquisition.
• Strengthens CrowdStrike's position in proactive cybersecurity, targeting small to medium-sized businesses.

Negative

• None.

Coalition to offer the CrowdStrike Falcon platform to policyholders to help them better protect their business and reduce the risk of a cyber breach

AUSTIN, Texas & LAS VEGAS--(BUSINESS WIRE)-- Fal.Con 2022 -- CrowdStrike (CRWD), a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, and Coalition, the world’s first Active Insurance company designed to prevent digital risk before it strikes, today announced a partnership to help Coalition’s 160,000 cyber insurance policyholders meet key contingencies required to obtain or maintain a policy.

Coalition’s Active Insurance combines industry-leading proactive cybersecurity tools and support, access to around-the-clock claims response and comprehensive insurance coverage to help organizations identify and mitigate digital risks. As part of this strategic partnership, Coalition policyholders can take advantage of the 15-day free trial offer for the CrowdStrike Falcon platform, and can easily purchase a discounted Falcon bundle that best meets their organization’s ongoing needs.

“Today’s announcement represents an investment in helping policyholders obtain cyber insurance through our partnership with Coalition. This partnership brings the power of our CrowdStrike Falcon platform to protect organizations against cyberattacks like ransomware and to meet key contingencies required for a cyber insurance policy,” said George Kurtz, co-founder and chief executive officer at CrowdStrike. “In particular, our Falcon Go bundle will provide better out-of-the-box protection for small- to medium-sized businesses, which is a large segment of the market that has become increasingly targeted by adversaries.”

“Cybercrime is constantly evolving, and organizations of all sizes need to protect themselves from threats. CrowdStrike’s unified security platform is well-recognized as a leader in the industry, and we are thrilled to offer our policyholders this advantage,” said Tiago Henriques, head of research at Coalition. “The partnership between our two companies will further our collective mission to prevent cyber risk. Enhancing our policyholders’ defensive postures will reduce potential business disruption or business-ending events.”

About Coalition

Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Through its partnerships with leading global insurers, including Arch Insurance North America, Allianz, Ascot Group, Lloyd's of London, Swiss Re Corporate Solutions, and Vantage, Coalition offers its Active Insurance products in the U.S., U.K., and Canada, and its security products to organizations worldwide. Coalition's Active Risk Platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyberattacks. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates both digitally and in office hubs.

About CrowdStrike

CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has redefined modern security with one of the world’s most advanced cloud-native platforms for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
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Start a free trial today: https://go.crowdstrike.com/try-falcon-prevent.html

© 2022 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in other countries. CrowdStrike owns other trademarks and service marks, and may use the brands of third parties to identify their products and services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920005567/en/

CrowdStrike

Kevin Benacci

CrowdStrike Corporate Communications

press@crowdstrike.com

Coalition

Jill Niedermeyer

Coalition Communications Manager

press@coalitioninc.com

Source: CrowdStrike

FAQ

What is the significance of the partnership between CrowdStrike and Coalition?

The partnership enhances CrowdStrike's market presence, allowing access to Coalition's 160,000 policyholders and offering them advanced cybersecurity solutions.

What services does the Falcon platform provide to Coalition's policyholders?

The Falcon platform offers comprehensive cybersecurity protection, including a 15-day free trial and discounted bundles tailored to the specific needs of organizations.

How does this partnership affect CrowdStrike's target market?

The partnership specifically targets small to medium-sized businesses, which are increasingly vulnerable to cyberattacks, enhancing their cybersecurity defenses.

What are the key features of the CrowdStrike Falcon platform?

The Falcon platform provides protection against cyber threats, automated remediation, real-time threat intelligence, and prioritization of vulnerabilities.