cyber resilience framework

Resilience Acquires BreachQuest to Combat Rise of Business Email Compromise

New capability enhances proactive protection against cybercrime to reduce the financial impact from incidents

by Marykate Broderick , Assistant Marketing Manager

Resilience, a leading cyber risk management firm, has strategically expanded its capabilities through the acquisition of BreachQuest, an innovative incident response technology solution. This move is set against the backdrop of an evolving digital workspace and cloud-based productivity applications, highlighting the critical challenge of securing these environments amidst escalating risks. The integration aims to bolster incident response mechanisms against Business Email Compromise (BEC) attacks, a rapidly growing concern within the digital domain.

In 2022, the U.S. Government’s Internet Crime Complaint Center (IC3) reported that BEC attacks accounted for losses exceeding $2.7 billion, highlighting them as a significant threat. BEC incidents also represented the second leading cause of financial loss for Resilience clients in 2023, according to the company’s 2023 Mid-Year Claims Report. As enterprises grapple with the increasing sophistication, complexity, and frequency of BEC attacks, it’s becoming necessary to adopt more innovative risk management and mitigation strategies than traditional incident response.

“At its core, Resilience is built around using all forms of data to stay ahead of the bad guys. Cybercriminals are becoming smarter and faster in how they execute business email compromise, and with the addition of tools like generative AI being added to their arsenal, the threat is only growing,” said Vishaal “V8” Hariprasad, co-founder and CEO at Resilience. “BreachQuest helps us address this and so much more. Their team and technology have been proven to reduce the financial impact of one of the largest areas of cyber risk facing our clients and I’m excited to welcome them to Resilience.”

The BreachQuest platform integrates seamlessly into cloud office systems, providing an invaluable look back for incident forensics and helping speed incident response efforts, reduce containment time, and lower incident costs. The addition of BreachQuest’s capabilities will also support Resilience’s world-class Claims Management team as they proactively address cyber incidents with greater efficacy.

“Resilience shares our mission in helping improve a client’s cyber resilience and lowering the impact of costly cyber incidents,” said Shaun Gordon, BreachQuest co-founder and CEO. “I’m incredibly proud of all the work our team has put in to support our clients in fighting back against new and evolving cyber threats. Now I’m excited to further scale our mission by integrating BreachQuest’s tech into Resilience’s cyber risk management software and their overall incident management solution.”

“The synergy between BreachQuest’s cutting-edge platform and Resilience’s proactive approach to incident management offers our clients the speed, skill, and automation they need to reduce the financial impact of these costly threats,” said Tim Riley, SVP of Business Development.

For Resilience, this strategic acquisition underscores the importance of adapting to the speed and scale of how cyber threats continue to evolve, emphasizing the need for integrated cyber risk management and better incident preparedness, all in service of helping clients be resilient to material losses. It also follows a robust period of expansion, including broadening its insurance underwriting authority to serve clients up to $10 billion in revenue and achieving an industry-leading loss ratio. For more information visit

You might also like

Resilience Named Cyber MGA of the Year in 2024 Zywave Cyber Risk Awards

SAN FRANCISCO, CA, June 17, 2024 – Resilience, the leading cyber risk solutions company, has been voted Cyber MGA of the Year in the 2024 Zywave Cyber Risk Awards. Now in their 11th year, the Cyber Risk Awards honor individuals and companies at the forefront of the cyber risk industry. More than 10,000 votes were […]

Digital Risk: Enterprises Need More Than Cyber Insurance

Resilience Launches Technology Errors & Omissions Coverage

Resilience, a leading cyber risk management firm, today announced its launch of Technology Errors & Omissions (E&O) coverage for U.S. organizations with $300M–$10B in revenue. With $10M in limits available for both primary and excess placements, the E&O addition to Resilience’s existing cyber insurance offering is poised to further help clients mitigate and cover liability arising from technology products […]

Resilience Expands Solution to Global Clients with $10 Billion in Revenue

Resilience, a leading cyber risk management provider, has expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The expanded authorities come after a strong year of growth while achieving an industry-leading loss ratio reflecting the success in defending clients from costly cyber incidents. Through 2023, fewer than […]

Digital Risk: Enterprises Need More Than Cyber Insurance

Resilience Names Rich Seiersen as Industry’s First Chief Cyber Resilience Officer

Resilience today announced the appointment of Rich Seiersen, previously Chief Risk Officer, to the role of Chief Cyber Resilience Officer (CCRO). The CCRO is an entirely new leadership position dedicated to aligning business objectives and risk management practices, and one we believe will become widespread in all organizations as they work to build true cyber […]

Digital Risk: Enterprises Need More Than Cyber Insurance

Resilience Midyear 2023 Claims Report

SAN FRANCISCO, CA, October 17, 2023 – Ransomware is entering a new era, as cybercriminals have begun shifting their tactics to bypass security controls by hitting critical vendors and seeking larger targets for extortions, Resilience found in its Midyear 2023 Claims Report. Among the key findings: Cybercriminals are returning to “big-game hunting.” Attackers are focusing […]