Cyber Security

Resilience invited to lead Davos panel discussion around cybersecurity

Resilience CEO joins the Directors of the FBI and Europol to advise government and private sector attendees around how to navigate ransomware in 2023

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.

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.  

The surge in cyber crime requires companies to make a massive shift in how they assess, measure, and manage their cyber risk across the internal silos of finance and security. 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.

“The ransomware epidemic has made it clear that continuously improving companies’ risk profiles requires connecting their cyber insurance coverage with their cybersecurity plan to reinforce great cyber hygiene,” said Hariprasad. “We’ve seen tremendous success fighting ransomware by connecting insurance to security, helping clients build resiliency to extortion and manage active incidents. What we propose is dynamic: reduce the risk, reduce the risk transfer cost, reduce the severity of a breach, reduce the risk to partners, and improve your business’s agility and competitiveness. That’s Resilience’s mission.”

With Resilience’s success deploying this novel approach in the US and UK, they look forward to sharing best practices and learnings with the entire World Economic Forum community and helping companies across continents fight crime and build cyber resilience. 

Previously in November 2022, Hariprasad led the Forum’s educational session in Geneva, Switzerland as part of their Annual Meeting on Cybersecurity (titled “Cybercrime: Staying Ahead of the Curve”), discussing how to stay ahead of bad actors as their tactics grow more technologically advanced, complex, and malicious.

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