Resilience

Why does #ransomware continue to dominate cyber insurance losses and what makes an organization more susceptible to attack? Our research shows that M&A and technology consolidation are leading to increased cyber risk, even if you aren't the company under attack. Uncover more insights into root causes for increasing ransomware costs. Download our 2024 Midyear Risk Report here: https://lnkd.in/gJ2z_Zn3 #CyberInsurance #CyberRisk #CyberResilience

Has your LinkedIn account been hacked? 👾 If you answered "no," great! Let's keep it that way. To avoid falling victim to credential hacking, it's important to follow best practices for cyber hygiene. Watch our video to learn the 4 steps to update your security and data privacy settings today. #cybersecurity #hacking #DataPrivacy

Sharing photos from our recent two-day golf event in Wisconsin. What a wonderful time on the greens with our broker partners! ⛳️ Here’s to many more successful collaborations and working together to build a resilient future! 🏌️♀️ #Partnership #Networking #CyberInsurance

Are you having trouble getting approval for your cybersecurity budget? You're not alone. Many cybersecurity leaders struggle to explain technical needs in terms that CFOs can easily understand. It's important to show how cybersecurity budgets protect and potentially enhance revenue, reduce operating costs, optimize capital efficiency, and ensure treasury integrity. This is crucial for justifying cybersecurity investments to the board. To maximize shareholder value, focus on four key areas: revenue, operating costs, capital efficiency, and treasury integrity. Learn more about this strategy in our blog post "Making the CFO Your Best Advocate: https://lnkd.in/gcxut5E7 #Cybersecurity #CyberResilience #RiskManagement #CFO

Vendor-driven claims are now the fastest-growing cause of loss for claims overall (Resilience Midyear Claims Report, 2024). With third-party vulnerabilities on the rise, making even the most secure companies vulnerable, what can you do to manage this growing threat? Join us for a free webinar on September 5 as we discuss optimal strategies for managing vulnerabilities effectively within organizations. 📅 Save the date and secure your spot: https://lnkd.in/geQFmB84 #Cybersecurity #RiskManagement #Webinar 

Our underwriting team is expanding! This month, we are thrilled to welcome three new members: Andrew Page, Henry Westwood ACII, and Jeffrey Kalustian. 🙌 Underwriting is a crucial pillar of our business. The addition of these new members will enhance our capacity to assist clients in managing their cyber risks, empowering them to strengthen their organizational cyber resilience. Interested in joining us? Visit our Jobs page to explore our open positions. #Hiring #Underwriting #Cyber #Insurance

AI: The double-edged sword of cybersecurity—Is it more friend or foe? AI is revolutionizing cybersecurity, but it’s also arming cybercriminals with new tools. In our latest blog post, we break down how AI is tilting the field: 🎮 Automating more sophisticated threats and tactics. 🥷 Helping attackers evade detection. 🎣Creating powerful phishing emails and deepfakes. 🏁Lowering the entry barrier for new bad actors. Discover how #AI is reshaping the battlefield and what it means for the future of #cybersecurity: https://lnkd.in/gA-Psvu4

Vendor-driven claims continue to grow. In 2023, 35% of all claims were due to vendor failures. This year? We’re already at 40%, with no signs of a slowdown. Hackers are targeting third-party vulnerabilities, which puts bigger organizations at an even bigger risk. No business is an island—your vendors’ #CyberResilience is now your concern too. Is your business ready for the ripple effect? Dive into our 2024 Midyear Claims Report to learn more: https://lnkd.in/gJ2z_Zn3

Underwriting in the insurance industry is both an art and a science—balancing the qualitative with the quantitative. But in this AI era, the role of the underwriter is evolving rapidly. Think about the baseball scouts in Moneyball. They relied on traditional stats and gut instincts—until a statistician helped the Oakland A’s achieve the longest consecutive game-winning streak in history. Today, every team has its data experts, yet scouts still exist. The question is, what will become of underwriters? Will they persist like the scouts, or is AI about to redefine their role? We discuss this and more in Episode 7 of the Building Cyber Resilience podcast. Join Resilience's Chief Data & Analytics Officer, Dr. Ann Irvine, and expert guests as they discuss the future role of #AI in #Cybersecurity and #CyberInsurance. 🎧 Listen now: https://lnkd.in/gsUEVrnF

How do you stay resilient in the face of increasing ransomware events, a rise in third-party threats, and growing phishing attacks? Our latest claims report gathers insights from this year's most significant incidents, including those linked to CrowdStrike, CDK, and Change Healthcare. We delve into the latest trends affecting the #cyber #insurance market and examine the major claims driving events across various sectors. Take a sneak peek below and download the full report to access our exclusive claims data and expert insights: https://lnkd.in/gJ2z_Zn3 #cybersecurity #cyberinsurance #cyberresilience