Coalition's Daniel Woods on What Cyber Insurance Claims Reveal About Security Controls

Future of Threat Intelligence · Feb 19, 2026 · 38m

Daniel Woods, Principal Security Researcher, and his team at Coalition analyzed forensic reports across their 100,000-policyholder base and found 50% of ransomware incidents begin with VPN or firewall exploits. But here's the twist: 40-60% of those aren't vulnerability exploits at all, they're stolen credentials bypassing perimeter devices entirely. Organizations running Cisco ASA devices show 5x higher claim rates than peers, with similar patterns across Fortinet, SonicWall, and Citrix SSL VPNs. When threat actors do exploit vulnerabilities, they're scanning and deploying shells within 24-48…