Backblaze Partners with Coalition to Elevate Cyber Risk Protection and Compliance

Core Insights - The partnership between Backblaze and Coalition aims to enhance cyber risk management for businesses by providing access to Backblaze's cloud backup solutions through Coalition's platform [4][10] - The increasing prevalence of ransomware, with a rise of over 15% from FY '22 to FY '23 and average demands reaching nearly $1.4 million, underscores the importance of cyber insurance for businesses [1][5] - Backblaze's Computer Backup solution offers unlimited and automatic endpoint backup, designed to protect critical business data across multiple workstations [8][9] Company Overview - Backblaze, founded in 2007 and headquartered in San Mateo, CA, serves over 500,000 customers in 175 countries, providing high-performance cloud object storage solutions [9] - Coalition is recognized as the world's first Active Insurance provider, focusing on preventing digital risks through a combination of insurance coverage and cybersecurity tools [10] Product Features - Backblaze Computer Backup includes features such as preconfigured installers for quick deployment, default backup of all user data, and predictable pricing for unlimited capacity [8] - Coalition Control® offers policyholders access to automated cyber alerts, expert advice, and third-party risk management tools, enhancing their ability to manage and mitigate cyber threats [10]