Threat actors exploit cybersecurity gaps from M&A and software consolidation, Resilience finds
Resilience Insurance Blog
by Marykate Broderick
3M ago
SAN FRANCISCO, CA – August 13, 2024 – Threat actors evolved their tactics in 2024 to take advantage of business and technology consolidation, the leading cyber risk solution company Resilience found in its Midyear 2024 Cyber Risk Report. Increasing M&A and reliance on ubiquitous software vendors created new opportunities for threat actors to unleash widespread […] The post Threat actors exploit cybersecurity gaps from M&A and software consolidation, Resilience finds appeared first on Resilience ..read more
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Killian Brady Name Resilience Chief Underwriting Officer
Resilience Insurance Blog
by Whitney Glockner Black
3M ago
New York, NY – July 29, 2024– Resilience, the leading cyber risk company, today has appointed Killian Brady as Chief Underwriting Officer. In the role, Brady will direct and oversee all aspects of the underwriting function for Resilience’s growing portfolio of middle market and large enterprise clients across Resilience’s Cyber and Tech E&O portfolio(s). Brady […] The post Killian Brady Name Resilience Chief Underwriting Officer appeared first on Resilience ..read more
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Resilience Doubles Cyber Insurance Limits to $20 Million Through Partnership with Lloyd’s Insurance Facility
Resilience Insurance Blog
by Whitney Glockner Black
4M ago
SAN FRANCISCO, CA, July 1, 2024 – Resilience, the leading cyber risk solution company, has doubled the cyber insurance limits it can offer to clients in the US to $20 million per client. This announcement follows the launch of new features and capabilities that enable enterprises to continuously manage the mitigation and transfer of cyber risk. The agreement to expand Resilience’s limit capability was brokered by Lockton Re and utilizes Resilience’s existing coverholder partnership with Lloyd’s (AM Best: A).   Resilience previously offered $10 million in limits, on a primary or exces ..read more
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Resilience Named Cyber MGA of the Year in 2024 Zywave Cyber Risk Awards
Resilience Insurance Blog
by Whitney Glockner Black
5M ago
SAN FRANCISCO, CA, June 17, 2024 – Resilience, the leading cyber risk solutions company, has been voted Cyber MGA of the Year in the 2024 Zywave Cyber Risk Awards. Now in their 11th year, the Cyber Risk Awards honor individuals and companies at the forefront of the cyber risk industry. More than 10,000 votes were cast in the Zywave Cyber Risk Award program, in a “People’s Choice” voting process. Under Zywave’s rules, entrants are unable to vote for themselves. The honors therefore reflect the perspectives of colleagues and peers in the cyber industry. “We’re grateful to Intact Financial, HDI ..read more
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Resilience Launches Technology Errors & Omissions Coverage
Resilience Insurance Blog
by Brian Bochner
8M ago
Resilience, a leading cyber risk management firm, today announced its launch of Technology Errors & Omissions (E&O) coverage for U.S. organizations with $300M–$10B in revenue. With $10M in limits available for both primary and excess placements, the E&O addition to Resilience’s existing cyber insurance offering is poised to further help clients mitigate and cover liability arising from technology products and services – a cornerstone of building cyber resilience. “In an increasingly digitized world, technology is embedded in every company’s operations in some wa ..read more
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Resilience Acquires BreachQuest to Combat Rise of Business Email Compromise
Resilience Insurance Blog
by Davis Hake
9M ago
Resilience, a leading cyber risk management firm, has strategically expanded its capabilities through the acquisition of BreachQuest, an innovative incident response technology solution. This move is set against the backdrop of an evolving digital workspace and cloud-based productivity applications, highlighting the critical challenge of securing these environments amidst escalating risks. The integration aims to bolster incident response mechanisms against Business Email Compromise (BEC) attacks, a rapidly growing concern within the digital domain. In 2022, the U.S. Government’s Internet Crim ..read more
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Resilience Expands Solution to Global Clients with $10 Billion in Revenue
Resilience Insurance Blog
by Davis Hake
10M ago
Resilience, a leading cyber risk management provider, has expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The expanded authorities come after a strong year of growth while achieving an industry-leading loss ratio reflecting the success in defending clients from costly cyber incidents. Through 2023, fewer than 5% of Resilience clients filed a cyber claim and have shown significantly enhanced resilience to extortion attempts. “More important than the growth it brings, this expanded underwriting authority is validation that our model ..read more
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Resilience Names Rich Seiersen as Industry’s First Chief Cyber Resilience Officer
Resilience Insurance Blog
by Davis Hake
10M ago
Resilience today announced the appointment of Rich Seiersen, previously Chief Risk Officer, to the role of Chief Cyber Resilience Officer (CCRO). The CCRO is an entirely new leadership position dedicated to aligning business objectives and risk management practices, and one we believe will become widespread in all organizations as they work to build true cyber resilience. Despite an increasingly hostile cybercrime landscape, many organizations remain underprepared for even the most pervasive threats, such as ransomware. This is due in large part to long-standing silos between cybersecurity, ri ..read more
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Resilience to Provide up to £10MM in Cyber Insurance Coverage in the UK and Europe
Resilience Insurance Blog
by Davis Hake
10M ago
SAN FRANCISCO, CA, October 4th, 2023 – Cyber risk solution provider Resilience announced today an expansion of its underwriting capacity limits to £10 million for insureds in the United Kingdom and European Union. This increase in capacity is made possible through a partnership with RSA Insurance and R&Q Accredited. This additional capacity adds to the existing capabilities of Resilience in the U.K. and E.U. supported by HDI Global Specialty. As cyber threats to U.K. and European enterprises grow increasingly complex, the traditional security response has been continually “firefighting”, r ..read more
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Resilience Raises $100MM Series D Round, Led by Intact Ventures
Resilience Insurance Blog
by Davis Hake
10M ago
SAN FRANCISCO, CA, AUGUST 7, 2023 – Resilience today announced a $100MM equity financing round to accelerate its global expansion and scale the adoption of its holistic cyber risk platform, the Resilience Solution, which launched earlier this year. The Series D round was led by Intact Ventures, an affiliate of Resilience’s primary capacity provider, Intact Insurance’s underwriting companies, with participation by Lightspeed Venture Partners, as well as General Catalyst and Founders Fund. With global cybercrime set to eclipse $10.5 trillion by 2025, enterprises are finding that the status-quo s ..read more
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