"We're in the middle of an industrial paradigm shift," says Joshua Motta, CEO and co-founder of Coalition — a brand-new cybersecurity firm/insurer that launched Dec. 5, 2017. "Given the competitive benefits, it's unthinkable for a business not to digitize everything. However, this puts them in a precarious position. Now they've got troves of data to protect and myriad new risks they must defend against."
Still, technological solutions are available to mitigate such risks, are they not? Motta says … not entirely. "Cybersecurity is broken," he says.
But what does that mean?
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