Priya Patel
TLDR
- Resilience acquires BreachQuest, a leader in incident response technology, to combat Business Email Compromise attacks.
- The strategic acquisition enhances Resilience’s incident response capabilities and emphasizes the importance of evolving cyber risk management strategies.
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 specializes in cutting-edge incident response technology that integrates seamlessly with cloud office systems, providing critical insights for incident forensics and accelerating response times.
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.
