Resilience launches new cyber risk solution

Resilience launches new cyber risk solution | Insurance Business America

Cyber

Resilience launches new cyber risk solution

Offering provides a holistic overview of a customer’s risk profile

In an era where cybercrime is outpacing defensive measures, the cyber solutions provider Resilience has announced the launch of its new cyber risk solution.

The Resilience Solution offers customers a significantly easier and more effective way to look at their cyber risk holistically, breaking down the silos across risk, cybersecurity, and financial leaders that currently govern cyber insurance and cybersecurity decisions in enterprises today.

“Companies must fundamentally rethink how they approach risk. The Resilience Solution ensures cybersecurity practitioners and insurance teams speak the same language. The result: cyber risk is becoming predictable and manageable for businesses, like never before,” said Vishaal “V8” Hariprasad, CEO of Resilience.

The Resilience Solution is a comprehensive risk management platform that offers cyber risk quantification, assessment, control, and financing. It includes five integrated benefits that every customer will receive: a financially-proven AI platform, a quantified action plan, a responsive policy, a human-in-the-loop partnership, and a cyber advocacy program.

According to Resilience, its clients are already reaping the benefits of this innovative approach to cyber risk management. In 2022, 100% of Resilience cyber risk solution clients impacted by ransomware were able to avoid paying extortion, and clients overall were twice as resistant to extortion demands, compared to the industry average.

The Resilience Solution is available via three packages based on clients’ needs: Essential Package, Edge Package, and Enterprise Package. Each tier of the solution offers increasing levels of cybersecurity capabilities, visibility into the risk profile, cyber risk quantification and modeling, and third-party risk management capabilities.

“Over the last several years, Resilience has delivered the most innovative cyber insurance solution for middle to large enterprises, setting the pace for the entire industry. This new solution now builds on that foundation to help companies balance and prioritize their cyber risk acceptance, mitigation, and transfer, to become cyber resilient,” the team said in a press release.