Fully automated managed detection and response enables businesses to mitigate cyber threats more quickly and effectively
Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, announced it has acquired Wirespeed™, an industry-leading cybersecurity platform built to triage threat detections in milliseconds. The acquisition will combine Wirespeed’s industry-leading managed detection and response (MDR) with Coalition’s suite of cyber risk management tools and coverage to provide unmatched protection against fast-moving cyber threats.
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“The acquisition of Wirespeed represents the next phase of Coalition’s mission to protect the unprotected,” said Joshua Motta, Coalition’s CEO and co-founder. “By combining fully automated, rapid Managed Detection & Response with our Active Insurance platform, we’re bringing best-in-class cyber protection to organizations of every size—and as a cybersecurity provider whose incentives are directly aligned with our customers in preventing losses, we’re setting a new standard for digital risk prevention.”
Businesses worldwide face a growing, volatile cyber threat landscape and limited budgets. When an attack occurs, a business’ reaction time can mean the difference between maintaining operations and complete business disruption. Automated MDR is a scalable, cost-effective service that businesses can use to help shield themselves from advanced cyber risks in ways traditional risk management tools and offerings cannot.
“Wirespeed was founded on the belief that the world needs a completely new and more scalable approach to cybersecurity monitoring. Attackers are moving faster, telemetry volumes are unmanageable, defenders are numb to annoying alerts, and costs are going through the roof,” said Tim MalcomVetter, Wirespeed’s CEO and co-founder. “Joining the Coalition team means we can integrate Wirespeed’s instant threat verdicts directly into the Active Insurance framework, fundamentally changing how businesses of all sizes are protected from cyber risk.”
Wirespeed’s Automated MDR platform delivers a consistently repeatable verdict on threat detections in milliseconds, with a median time to verdict of 1,801 milliseconds.1 Utilizing a proprietary conditional logic algorithm with probabilistic AI, Wirespeed Automated MDR leverages ChatOps integrations with Slack, Microsoft Teams, email, and SMS to solve challenging cases efficiently and at scale. As a result, Wirespeed users experience a 99.99% noise reduction in alerts. Leveraging ISO 2859, the internationally recognized standard for Acceptable Quality Limits, Wirespeed MDR pairs unparalleled speed with quality assurance and lower costs to make automated MDR a reality for all businesses.
At launch, Wirespeed MDR will integrate data from Coalition’s Active Data Graph, including external attack surface monitoring, cyber claims data, and more, into its Automated MDR to give more businesses access to 24/7 protection. Wirespeed CEO and co-founder Tim MalcomVetter will join Coalition as General Manager, Security, and CTO and co-founder Jake Reynolds will become Head of Engineering, Coalition Security.
“Our work at Wirespeed has always been about speed-to-protection, and by joining Coalition, we are not just plugging in a technology; we are marrying sophisticated, automated MDR with the cyber insurance industry’s comprehensive risk intelligence,” said Jake Reynolds, Wirespeed’s CTO and co-founder. “This has the potential to set a new standard for cyber protection, ensuring that businesses don’t just survive cyber incidents, but avoid them entirely.”
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