Resilience CEO and Co-Founder Vishaal “V8” Hariprasad participated in the World Economic Forum’s Annual Meeting on Cybersecurity in Geneva, Switzerland. Hariprasad discussed the trends that are shaping the future of risk in cybersecurity.
In today’s digital world, cyber risk is not just a threat to business operations but to entire countries. As the threat of cyber attacks grows in frequency and severity, the need for cybersecurity professionals who can understand and manage this risk grows in tandem.
The Resilience Solution contains security visibility, cyber risk quantification, and insurance working together in an integrated manner. This approach helps clients deal with cyber as both a technical and a financial challenge.
NetDiligence’s Cyber Risk Summits have become a staple of networking and mindshare for the entire cyber insurance industry. This year, Resilience led over a half dozen of our own events to share research on changing cybercrime trends, rising threats to and from third-party vendors, and how new GenAI-based strategies could be leveraged by cybercriminals.
Managing third-party risk requires an in-depth understanding of your vendor network and its security. A chain is only as strong as its weakest link, meaning to defend your entire attack surface, you must ensure all your vendors share your values when it comes to robustly managing cyber risk.
Most cyber insurance policies are issued after a one-time consultation with a risk manager, with questions answered by a security director and pricing based on industry benchmarking. Resilience takes a continuous approach to underwriting to adjust coverage based on improvements in the client’s security infrastructure.
