Resilience, a leader in cyber risk solutions, recently teamed up with CrowdStrike and Amazon Web Services (AWS) to empower businesses in mitigating cyber risks and minimizing material losses from potential cyber incidents.
The collaboration enables companies to leverage the Resilience Threatonomics Platform, turning security insights into strategies to reduce financial risk and improving cyber insurance coverage. By integrating information from CrowdStrike's Falcon® platform and AWS, Resilience offers powerful tools that quantify risks and guide enterprises in understanding the financial outcomes of their security decisions.
According to Tim Riley, SVP of Business Development at Resilience, "By wrapping technical data in broader business terms, we’re empowering our customers to make smarter decisions." This approach allows enterprises to justify their cybersecurity investments and insurances with data reflecting real-world control performance and minimizes generic benchmarking.
The partnership provides three strategic services:
- Risk Mitigation: Utilizing CrowdStrike and AWS data, the platform validates proper deployment, identifies misconfigurations, and actively reduces risk. It offers financially sound mitigation strategies against scenarios like ransomware attacks and business interruptions.
- Risk Quantification: Proprietary executive reporting tools deliver quantified insights, combining technical and business contexts for effective validation of cyber risk strategies.
- Risk Transfer: Joint customers can gain enhanced insurance coverage through Resilience's affliates, benefiting from streamlined renewals based on validated cybersecurity measures.
The partnership extends Resilience's ongoing collaboration with CrowdStrike and AWS. Both platforms have been integral to Resilience's customer base, demonstrating a lower rate of claim incidences. The collaboration enhances security postures, demonstrates security program efficiency, and lowers the cost of cyber insurance by integrating each company's strengths.
Tom Etheridge of CrowdStrike emphasized, "By combining CrowdStrike’s industry-leading protection ... with Resilience’s financial modeling and risk expertise, customers can translate technical data into measurable business value."
The collaboration acknowledges Resilience's achievement of AWS Cyber Insurance Competency and provides AWS clients a simplified way to assess cyber risk and unravel the intricacies of insurance coverage.
Ryan Orsi from AWS highlights, "Their [Resilience] ability to transform AWS and CrowdStrike security telemetry into financial metrics gives our customers a powerful way to validate their configurations, prioritize investments based on business impact, and streamline their approach to cyber insurance
