Instead, enterprises need a way to look at their cyber risk in an integrated, economically-efficient, and predictable manner. Vishaal “V8” Hariprasad, CEO, and Co-Founder of Resilience, explained, “The increase in ransomware attacks proves that there are longstanding gaps in today’s cybersecurity and cyber insurance practices. Built on a financially-proven AI platform, the Resilience Solution enables policyholders to quantify their cyber risk and prioritize their security program based on a return-on-investment analysis of their controls. The Resilience Solution addresses these challenges by providing clients with an integrated and economically-efficient approach to assess, measure, and manage cyber risk. In today’s rapidly evolving cyber landscape, enterprises are facing increasing challenges from cybercrime, with projections indicating cybercrime could surpass $10.5 trillion by 2025. Intact Ventures, an affiliate of Resilience’s primary capacity provider Intact Insurance’s underwriting companies, led the funding round, with participation from Lightspeed Venture Partners, General Catalyst, and Founders Fund. The funding will accelerate the company’s global expansion and facilitate the adoption of its revolutionary cyber risk platform, the Resilience Solution, which was launched earlier this year.
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