Resilience nabs $100M to combine cyberinsurance with breach prevention services – SiliconANGLE
– @SiliconANGLE
Resilience, a cyber insurance and breach prevention company, announced it had closed a $100 million funding round from investors including Assurant, Blackstone, Jefferies Financial Group, and Zurich Insurance Group. The money will go towards enhancing Resilienceâs services, which prevent cyberattacks through proactive, automated, and real-time detection of threats in an organizationâs environment. The company will use the funds to expand its global customer base and to develop innovative new approaches to cyber security and cyber insurance. Resilience also plans to use the money to bring its products to wider audiences, including small and medium-sized businesses, which currently lack the resources to employ dedicated security personnel. Resilience’s services are designed to make organizations more resilient in the face of cyber threats. The company combines cyber insurance with its prevention services, which utilize dynamic and adaptive algorithms to help organizations detect malicious activities and threats. With the additional funding, Resilience plans to continue to develop this technology, making it easier for organizations to prevent costly attacks and better manage their cyber risks. The company also intends to invest in its global service teams to help customers extend the reach of their cyber security initiatives.
Link: https://siliconangle.com/2023/08/07/resilience-nabs-100m-combine-cyberinsurance-breach-prevention-services/