Skip to Content

These hackers can help cut your company’s insurance bill

February 13, 2018

Many big businesses now boast bug bounty programs that reward ethical hackers for finding and reporting flaws in their cyberdefenses. But these can be a pain to organize and manage, so a new partnership wants to make it easier for small firms to run them—and reward them for doing so.

The partners: HackerOne, which operates one of the biggest ethical-hacker networks, has joined forces with Coalition, an online cyberinsurance company that’s backed by Swiss Re and other deep-pocketed firms.

How it works: Companies that use HackerOne’s bounty-hunting program to encourage ethical hackers to probe their defenses will get cheaper cyberinsurance from Coalition. The insurer’s betting that hackers will expose flaws before bad guys find and exploit them, making it less likely it’ll have to fork out for claims.

Big picture: The bug-bounty-for-small-business twist is the latest in a number of a number of link-ups between insurers and cybersecurity firms aimed at making life harder for hackers. The unethical kind, that is.

Deep Dive


A chip design that changes everything: 10 Breakthrough Technologies 2023

Computer chip designs are expensive and hard to license. That’s all about to change thanks to the popular open standard known as RISC-V.

Modern data architectures fuel innovation

More diverse data estates require a new strategy—and the infrastructure to support it.

Chinese chips will keep powering your everyday life

The war over advanced semiconductor technology continues, but China will likely take a more important role in manufacturing legacy chips for common devices.

The computer scientist who hunts for costly bugs in crypto code

Programming errors on the blockchain can mean $100 million lost in the blink of an eye. Ronghui Gu and his company CertiK are trying to help.

Stay connected

Illustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at with a list of newsletters you’d like to receive.