San-Francisco-headquartered broker Coalition has formed a a strategic partnership with MS&AD Insurance Group, the largest non-life insurer in Japan, to provide cybersecurity monitoring solutions to SMEs.
“Cyber-attacks are increasing globally, and Japan, as one of the world’s largest economies, is especially at risk,” said Joshua Motta, Coalition’s co-founder and CEO.
“By joining forces with MS&AD, we’re committed to bolstering cybersecurity for Japanese companies by providing continuous security monitoring, active risk management, and mechanisms to transfer risk and respond to incidents. We’re thrilled to partner with MS&AD to protect those businesses in Japan that currently lack these sophisticated protections.”
MS&AD Insurance Group recently launched the MS&AD Cyber Risk Finder, its first cyber risk assessment service built using Coalition Control, a risk management platform developed by Coalition. MS&AD Cyber Risk Finder is currently available to the entire Japanese SME market.
The MS&AD Cyber Risk Finder offers cyber risk diagnostics and consultation services based on vulnerability information collected from internet-connected devices worldwide. It will provide diagnostic reports to businesses, including personalised vulnerability scores, identified weak access points, and a prioritised list of actions to take toward remediation.
“Through our partnership with Coalition, we can offer cyber risk assessments and diagnostic services tailored for Japanese SMBs at a lower cost,” said Tomoyuki Motoyama, group chief digital officer at MS&AD.
“Leveraging the MS&AD Group’s presence and distribution network, we will widely deliver this solution to our customers to help protect them. Moving forward, we plan to develop additional features to counter increasing cyber-attacks on supply chains targeting large companies.”