Resilience: Integrating Cybersecurity, Insurance, and Claims

Resilience's commitment to bridging the gap between cybersecurity and cyber insurance is best reflected through its Ransomware War Game framework. In this tailored threat intelligence environment, security engineers, incident responders, insurers, and clients come together to test defense strategies and highlight the areas that need improvement through employee training, further technology deployments, and simulations of potential attacks. "Our data scientists observe threat trends and design sophisticated risk models to counter the equally labyrinthine attacks," explains Phillips. "We offer a combination of a comprehensive insurance policy and a security service suite that helps organizations transition from being vulnerable to resilient in the face of attacks."

Such a robust offering has helped Resilience to broaden its customer base and garner noteworthy success stories. For instance, a manufacturing company with operations across the U.S. lacked the resources to invest in technologies that its security leadership and management team recommended. As a result, the company faced challenges in acquiring cyber insurance, which made it under-secured and under-insured in the given scale of the ransomware epidemic. Resilience partnered with the manufacturer and deployed its cyber security engineers to develop technologies that strengthened the latter's security posture. It also offered the client an insurance program to cover possible future attacks. In another instance, a company reached out to Resilience when an attack by a ransomware syndicate shut down its operations across 60 countries. Resilience put together a team of legal, technical, and forensic experts to help them navigate the situation and recover within a few days.

Backed by the prowess of many such successful partnerships, Resilience will be stepping up its game by extending its footprint into the APAC and European markets this year. Apart from the geographical expansion, the company has also launched the beta version of a suite of risk management solutions for vendors. "We'll always be laser-focused on giving our clients a broad roadmap that helps them be more cyber resilient in the future," concludes Phillips.