Resilience, a cyber risk management pioneer, has recently completed the strategic acquisition of BreachQuest, a trailblazer in incident response technology.
The acquisition is a timely response to the growing menace of Business Email Compromise (BEC) attacks, which have caused substantial financial losses across industries. With over $2.7bn reported lost to BEC attacks in 2022 alone, according to the U.S. Government’s Internet Crime Complaint Center (IC3), the need for advanced protective measures has never been more critical. This collaboration is set to bring about a significant enhancement in incident response capabilities, addressing one of the digital age’s most pressing challenges.
Resilience stands at the forefront of cyber risk management, employing data-driven strategies to preempt cybercriminal activities. Its foundation is built on the expertise of U.S. military and intelligence communities’ veterans, offering an integrated solution that combines risk quantification software, cybersecurity expertise, and top-tier insurance. BreachQuest, on the other hand, specializes in cutting-edge incident response technology that integrates seamlessly with cloud office systems, providing critical insights for incident forensics and accelerating response times.
This strategic acquisition not only bolsters Resilience’s incident response mechanisms but also emphasizes the importance of evolving cyber risk management strategies to keep pace with the rapidly changing threat landscape. The integration of BreachQuest’s technology is expected to enhance Resilience’s Claims Management team’s ability to proactively tackle cyber incidents with increased efficiency and reduced financial impact.
The synergy between Resilience’s proactive risk management approach and BreachQuest’s innovative technology offers clients a new level of protection against cyber threats. This collaboration marks a significant milestone in the journey towards greater cyber resilience, demonstrating a shared commitment to improving client security in the face of evolving cyber threats.
Resilience co-founder and CEO Vishaal “At its core, Resilience is built around using all forms of data to stay ahead of the bad guys. Cybercriminals are becoming smarter and faster in how they execute business email compromise, and with the addition of tools like generative AI being added to their arsenal, the threat is only growing.
“BreachQuest helps us address this and so much more. Their team and technology have been proven to reduce the financial impact of one of the largest areas of cyber risk facing our clients and I’m excited to welcome them to Resilience.”
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