Case Study: a restaurant group reduces a $3 million breach claim with Coalition

Restaurant Group limits a $3M breach claim to $21K with Coalition

A restaurant group was alerted by the FBI that it was the victim of an ongoing cyber attack, which had compromised servers containing customer credit card information. The group immediately notified its cyber insurance provider, Coalition, to utilize its Breach Response coverage to minimize the damage and exposure from the incident.

Coalition's incident responders quickly identified the threat actor's access method and ejected them from the network. The breach, which began with a phishing email, compromised the data of over 13,000 customers and led to a class-action lawsuit. Coalition covered the costs of customer notification and the ensuing litigation. The restaurant group paid only $21,000 out of pocket, while Coalition's policy covered the remainder of the $3 million claim.