Swaminarayan

Resilience Launches Technology Errors & Omissions Coverage

Retrieved on: 
Wednesday, March 6, 2024
SAN, Risk management, Tech, Growth, Swaminarayan, Data science, Risk, Organization, Policy, Intact, Insurance

SAN FRANCISCO, March 6, 2024 /PRNewswire/ -- 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 and services - a cornerstone of building cyber resilience.

Key Points: 
  • SAN FRANCISCO, March 6, 2024 /PRNewswire/ -- 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.
  • "In an increasingly digitized world, technology is embedded in every company's operations in some way, shape, or form," said Vishaal "V8" Hariprasad, co-founder and CEO of Resilience.
  • With financially-proven risk models, data-driven decisions, and deeply experienced underwriting and claims teams, Resilience is uniquely equipped to manage complex Tech E&O risks.
  • "That expertise is backed by our data science, our tech, and the A+ coverage and contract certainty that all our insurance offerings provide.

Resilience Midyear 2023 Claims Report: Cybercriminals Uplevel Tactics to Deal with Lower Extortion Payment Rate

Retrieved on: 
Tuesday, October 17, 2023
MOVEit, Caesars Entertainment, Organization, Risk, Swaminarayan, MGM Resorts International, Failure, SAN, Cryptocurrency, Resilience

Resilience data shows third-party vendor incidents account for 28.9% of its clients’ all-time claims, ahead of phishing at 23.1%.

Key Points: 
  • Resilience data shows third-party vendor incidents account for 28.9% of its clients’ all-time claims, ahead of phishing at 23.1%.
  • A key event behind the trend in encryption-less extortion was the massive hack in May 2023 of the MOVEit file transfer platform.
  • The findings of the Midyear 2023 Claims Report support the Resilience model of a holistic approach to managing risk.
  • To read the Resilience Midyear Claims Report, please visit www.CyberResilience.com .

BAPS Swaminarayan Akshardham, a Hindu Temple in New Jersey, Celebrates its Grand Opening as the World Looks On

Retrieved on: 
Wednesday, October 11, 2023
Public Policy, Government, Other Philanthropy, Architecture, Construction & Property, Religion, State, Local, Philanthropy, Consumer, Multimedia, Knowledge, Samuel Scheck Hillel Community Day School, Student, Community, Beth-El, Culture, World Interfaith Harmony Week, The Days, BAPS, Hindus, Festival, Education, Love, Swaminarayan, Volunteering, Day, Head, Learning, Woman, Book of Leviticus, Entertainment, Jewellery, Tourism, Akshardham

The monumental occasion was marked with an inauguration by His Holiness Mahant Swami Maharaj, the spiritual leader of BAPS.

Key Points: 
  • The monumental occasion was marked with an inauguration by His Holiness Mahant Swami Maharaj, the spiritual leader of BAPS.
  • View the full release here: https://www.businesswire.com/news/home/20231011365492/en/
    BAPS Swaminarayan Akshardham in Robbinsville, N.J. held its opening ceremony on October 8, 2023.
  • Several events were held in the week prior to Sunday’s grand opening, including programs that celebrated BAPS’ core values.
  • With a deep commitment to service, BAPS launched several community programs in anticipation of the grand opening of Akshardham.

Resilience Raises $100MM Series D Round, Led by Intact Ventures with Participation from Lightspeed Venture Partners

Retrieved on: 
Monday, August 7, 2023
Insurance, Invest Financial Corporation, Vishaal de Mal, Venture round, Risk management, Swaminarayan, Intact, Founders Fund, Risk, SAN, Series, Lightspeed Venture Partners, Management, V8, Resilience

The Series D round was led by Intact Ventures, an affiliate of Resilience’s primary capacity provider, Intact Insurance’s underwriting companies, with participation by Lightspeed Venture Partners, as well as General Catalyst and Founders Fund.

Key Points: 
  • The Series D round was led by Intact Ventures, an affiliate of Resilience’s primary capacity provider, Intact Insurance’s underwriting companies, with participation by Lightspeed Venture Partners, as well as General Catalyst and Founders Fund.
  • By connecting leaders in finance, risk, and security, the Resilience Solution provides clients with a new way to assess, measure, and manage their cyber risk.
  • “Securing a digital world at enterprise scale requires fundamental behavior change,” said Arif Janmohamed, Partner at Lightspeed Venture Partners, which first invested in Resilience during its Series A round.
  • “We have been long-term believers in the Resilience team because they set out to fill this critical gap from day one.

Resilience Claims Report: As Ransomware Attacks Double In Frequency, New Approach Helps Enterprises Thwart Extortions

Retrieved on: 
Tuesday, May 23, 2023
Transfer, Insurance, Risk, Failure, Face, Health, Swaminarayan, Cyber resilience, Organization, SAN, Growth, Claim, Behavior, Cryptocurrency, Risk management, Resilience

With only 65% of organizations stating that they plan to increase security spending this year, a new approach to improve cyber resiliency is needed.

Key Points: 
  • With only 65% of organizations stating that they plan to increase security spending this year, a new approach to improve cyber resiliency is needed.
  • “We founded Resilience because we believed that the current approach to defending the digital ecosystem was inadequate,” said Vishaal “V8” Hariprasad, co-founder and CEO of Resilience.
  • “By bringing together risk, finance, and security roles which previously operated in silos, we can deliver a completely new approach: Cyber Resilience.
  • The results are impressive, and we’re just getting started.”
    The findings of Resilience’s 2022 Claims Report support the Resilience model of a holistic approach to managing risk.

Enhancing Cyber Risk Management with the New Resilience Solution

Retrieved on: 
Monday, May 1, 2023
Language, Insurance, SAN, Swaminarayan, Risk, Vishaal de Mal, Risk management, Resilience

The Resilience Solution offers customers a significantly easier and more effective way to look at their cyber risk holistically, and breaks down the silos across risk, cybersecurity, and financial leaders that currently govern cyber insurance and cybersecurity decisions in enterprises today.

Key Points: 
  • The Resilience Solution offers customers a significantly easier and more effective way to look at their cyber risk holistically, and breaks down the silos across risk, cybersecurity, and financial leaders that currently govern cyber insurance and cybersecurity decisions in enterprises today.
  • 100% of Resilience cyber risk solution clients impacted by ransomware were able to avoid paying an extortion in 2022.
  • The result: cyber risk is becoming predictable and manageable for businesses, like never before.”
    The Resilience Solution excels at cyber risk quantification, assessment, control, and financing.
  • Each tier of our solution offers increasing levels of cybersecurity capabilities, visibility into your risk profile, cyber risk quantification and modeling, and third-party risk management capabilities augmented by an easy-to-use digital portal.

Second Edition of Best-Selling Book, How to Measure Anything in Cyber Risk, Launches Globally

Retrieved on: 
Tuesday, April 18, 2023
Insurance, Risk, Louise Seiersen, CISO, Swaminarayan, RSVP, Cyber resilience, RSA, Second Edition, SAN, RIMS, Risk management

SAN FRANCISCO, April 18, 2023 (GLOBE NEWSWIRE) -- Resilience , the next-generation cyber risk solutions company, is proud to announce the launch of Chief Cyber Resilience Officer, Richard Seiersen’s second edition of his best-selling book How to Measure Anything in Cyber Risk .

Key Points: 
  • SAN FRANCISCO, April 18, 2023 (GLOBE NEWSWIRE) -- Resilience , the next-generation cyber risk solutions company, is proud to announce the launch of Chief Cyber Resilience Officer, Richard Seiersen’s second edition of his best-selling book How to Measure Anything in Cyber Risk .
  • This requires balancing risk acceptance, risk mitigation, and risk transfer in order to assess, measure, and manage cyber risk in an integrated and economically efficient manner.
  • The Second Edition of How to Measure Anything in Cyber Risk includes new examples and modeling methods, including how to effectively leverage expert opinion into quantitative methods for analyzing risk.
  • These tools will empower leaders to build organizational cybersecurity resilience against an ever-changing cyber risk landscape,” said Resilience CEO Vishaal “V8” Hariprasad.

Resilience CFO, John Botros, Named Among Top 25 CFOs in San Francisco

Retrieved on: 
Thursday, March 23, 2023
Insurance, IPO, Interview, Finance & Invest Brussels, Risk management, Reward, CISO, Swaminarayan, Research, Cyber resilience, Forecasting, CFOS, Creativity, Organization, Acquisition, Risk, SAN, Engineering, CFO, News, Creative industries, Management

SAN FRANCISCO, March 23, 2023 /PRNewswire/ -- Resilience , the next-generation cyber risk solutions company, is proud to share that Finance & Investing , a leading news and research source covering investment banking, wealth management, and the public and private markets, has named John "Johnny" Botros, Resilience CFO among the top 25 CFOs in San Francisco.

Key Points: 
  • SAN FRANCISCO, March 23, 2023 /PRNewswire/ -- Resilience , the next-generation cyber risk solutions company, is proud to share that Finance & Investing , a leading news and research source covering investment banking, wealth management, and the public and private markets, has named John "Johnny" Botros, Resilience CFO among the top 25 CFOs in San Francisco.
  • A core part of building more cyber-resilient clients is aligning their security, risk management, and financial teams to tackle their risk holistically.
  • Resilience engages our clients' CFOs to help them better understand their digital value-at-risk and how security controls and insurance can work together.
  • Ultimately, this helps organizations manage cyber incidents without a material impact on their ability to deliver value to their clients.

Resilience invited to lead Davos panel discussion around cybersecurity

Retrieved on: 
Tuesday, January 17, 2023
Air force, Entrepreneurship, Insurance, Swaminarayan, FBI, World Economic Forum, Risk, Forum, Europol, SAN, Cybercrime, Hygiene, Crime, Management, Weapon, Risk management, Resilience, CrowdStrike, Computer security

SAN FRANCISCO, Jan. 17, 2023 /PRNewswire/ -- Resilience, the next-generation cyber risk solutions company, is proud to announce their invitation to the World Economic Forum's Annual meeting in Davos, Switzerland, and share how their unique approach and evidence-based experience has helped companies become cyber resilient to ransomware attempts.  Vishaal "V8" Hariprasad, Co-Founder/CEO of Resilience and a former Air Force Cyber Operations Officer, will be joined by Christopher Wray, Director of the FBI, Catherine De Bolle, Executive Director for Europol, and others, in leading a panel discussion titled "Ransomware: To Pay or Not to Pay" on January 19, 2023.

Key Points: 
  • The surge in cyber crime requires companies to shift in how they assess, measure, and manage their cyber risk.
  • Resilience has seen that the strongest companies align their technological investments with financial understanding of the most critical risks to their enterprise.
  • This holistic approach of leveraging insurance with technical cybersecurity visibility has proven to help to ensure clients are resilient to extortion attempts.
  • "We've seen tremendous success fighting ransomware by connecting insurance to security, helping clients build resiliency to extortion and manage active incidents.

Resilience invited to lead Davos panel discussion around cybersecurity

Retrieved on: 
Tuesday, January 17, 2023
Air force, Entrepreneurship, Insurance, Swaminarayan, FBI, World Economic Forum, Risk, Forum, Europol, SAN, Cybercrime, Hygiene, Crime, Management, Risk management, Resilience, CrowdStrike, Computer security

SAN FRANCISCO, Jan. 17, 2023 /PRNewswire/ -- Resilience, the next-generation cyber risk solutions company, is proud to announce their invitation to the World Economic Forum's Annual meeting in Davos, Switzerland, and share how their unique approach and evidence-based experience has helped companies become cyber resilient to ransomware attempts.  Vishaal "V8" Hariprasad, Co-Founder/CEO of Resilience and a former Air Force Cyber Operations Officer, will be joined by Christopher Wray, Director of the FBI, Catherine De Bolle, Executive Director for Europol, and others, in leading a panel discussion titled "Ransomware: To Pay or Not to Pay" on January 19, 2023.

Key Points: 
  • Ransomware is an epidemic - increasing 82% from 2020 to 2021 - and representative of the surge in cybercrime overall, estimated to reach $10.5 trillion by 2025 according to Crowdstrike and Cybersecurity Ventures - despite the significant investment in cybersecurity that companies continue to make.
  • Resilience has seen that the strongest companies align their technological investments with financial understanding of the most critical risks to their enterprise.
  • This holistic approach of leveraging insurance with technical cybersecurity visibility has proven to help to ensure clients are resilient to extortion attempts.
  • "We've seen tremendous success fighting ransomware by connecting insurance to security, helping clients build resiliency to extortion and manage active incidents.