"Former Spies' Breakthrough in $11 Billion Cyber Insurance Market"

Former spies have founded fintech startups Coalition and At-Bay, which are revolutionizing the $11 billion cyber insurance market by using cutting-edge techniques to protect companies against hackers. These startups actively scan potential customers' systems for vulnerabilities and provide security upgrades or refuse coverage based on their findings. Their vigilance and tech-first approach have allowed them to charge lower premiums, win the favor of insurance brokers, and gain a foothold in the market. Despite the rapid growth of cyber insurance, sustainability concerns remain due to the rapidly changing nature of hacking schemes and the potential for catastrophic events causing significant damage.