Cyber risk solutions company Resilience has partnered with CrowdStrike and expanded its collaboration with Amazon Web Services (AWS) to help enterprises to proactively mitigate cyber risk and minimise material losses from cyber incidents.
Customers can now leverage the Resilience Threatonomics Platform to transform security insights into financial risk mitigation strategies, potentially improving cyber insurance coverage terms.
The Resilience platform ingests information about a company’s security posture, including telemetry from the CrowdStrike Falcon® platform and AWS, and provides powerful risk quantification, roadmap prioritisation, and reporting tools to help enterprises understand the financial impact of their cybersecurity decisions.
Resilience uses cyber-loss data driven models to pinpoint the most financially consequential risks and helps clients to proactively assess evolving threats.
“Through this collaboration, Resilience, CrowdStrike and AWS offer enterprises a unique approach to reducing cyber risk: customers can better understand potential cyber risk, then quantify and communicate that risk and finally transfer that risk via cyber insurance,” said Tim Riley, SVP of Business Development at Resilience.
Adding: “By wrapping technical data in broader business terms, we’re empowering our customers to make smarter decisions, justify their existing investments, and rest easy knowing that they have policy terms that reflect real-world control performance rather than generic benchmarks.”
The collaboration brings together three strategic elements to help enterprises strengthen their security posture, demonstrate security program effectiveness, and reduce the cost of cyber insurance.
On top of risk mitigation and risk quantification, customers of Resilience, CrowdStrike and AWS now also have access to enhanced risk transfer.
According to Resilience, qualifying customers will be able to secure stronger insurance coverage terms, including streamlined renewals, through Resilience’s affiliated insurance companies and A-rated capacity partners – in the US, UK and EU -, based on their validated efforts to minimise cyber threats.
This announcement builds on ongoing collaboration between Resilience and the two companies. The Falcon platform is widely used across Resilience’s enterprise customer base and, according to Resilience cyber insurance data, is associated with the lowest rate of claims with incurred losses.
“This collaboration gives CrowdStrike customers yet another return on their Falcon platform investment,” said Tom Etheridge, Chief Global Services Officer at CrowdStrike. “Security leaders need to go beyond traditional metrics and clearly demonstrate how their investments are driving meaningful risk reduction and business impact. By combining CrowdStrike’s industry-leading protection and deep telemetry with Resilience’s financial modelling and risk expertise, customers can translate technical data into measurable business value.”
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