The purchase is a prompt reaction to the growing threat of Business Email Compromise (BEC) assaults, which have resulted in significant financial losses for companies in a variety of industries. The necessity for sophisticated security measures is greater than ever, since the U.S. Government's Internet Crime Complaint Center (IC3) reports that over $2.7 billion was lost to BEC attacks in 2022 alone. This partnership is expected to significantly improve incident response capabilities, tackling one of the most important issues of the digital age.

At the heart of cyber risk management is resilience, which uses data-driven tactics to anticipate illegal activity. Its basis lies in the experience of veterans of the U.S. military and intelligence communities. It provides an integrated solution that combines cybersecurity know-how, risk quantification software, and premium insurance. In contrast, BreachQuest is an expert in state-of-the-art incident response technology that effortlessly connects with cloud office systems, speeding up reaction times and offering crucial insights for event forensics.

In addition to strengthening Resilience's incident response procedures, this calculated acquisition highlights how crucial it is to continuously adapt cyber risk management techniques in order to stay up with the ever shifting threats in the market. It is anticipated that Resilience's Claims Management team would be better equipped to proactively address cyber incidents with greater efficiency and less financial effect thanks to the integration of BreachQuest's technology.

Clients are provided with an enhanced degree of security against cyber threats by the combination of revolutionary technology from BreachQuest and Resilience's proactive approach to risk management. This partnership demonstrates a common commitment to enhancing client security in the face of emerging cyber threats and represents a critical turning point in the path towards better cyber resilience.

Vishaal, co-founder and CEO of Resilience The fundamental idea of resilience is to use all available data to stay one step ahead of the opposition. With tools like generative AI added to their toolkit, cybercriminals are getting more adept and quick in their business email breach operations, and the threat they pose is only increasing.

We can handle this and so much more with the aid of BreachQuest. I'm thrilled to have them join Resilience since their staff and technologies have demonstrated the ability to lessen the financial effect of one of the biggest cyber risk areas that our clients face.