Coalition, Cyber Insurance Startup, Purchases Jumbo Privacy App

  • Cybersecurity startup, Coalition has bought the privacy control mobile app, Jumbo. The exact deal terms are undisclosed.
  • As per Jumbo, the app will be ceased and existing users can export social media archives or 2FA codes.
  • Coalition, with a recent valuation of $5 billion, uses proactive cybersecurity tools in its insurance products, and could be acquiring Jumbo to integrate its team focused on privacy and security.
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