Resilience, a renowned cyber risk management platform, has announced the acquisition of BreachQuest, an innovative incident response technology firm. With this acquisition, resilience will combat BEC attacks
BreachQuest is renowned for its cutting-edge platform that integrates seamlessly into cloud office systems, providing invaluable insights for incident forensics and expediting response efforts.
Integrating BreachQuest’s technology into Resilience’s cyber risk management software is expected to significantly enhance incident response mechanisms, particularly against BEC attacks, which have become a significant concern in the digital landscape.
BEC attacks have increased, with the U.S. Government’s Internet Crime Complaint Center (IC3) reported losses exceeding $2.7 billion in 2022. In 2023, these incidents ranked as the second leading cause of financial loss for resilience clients, highlighting the urgent need for advanced risk management strategies.
The acquisition of BreachQuest is part of Resilience’s broader strategy to adapt to evolving cyber threats and enhance incident preparedness.
This move follows a period of significant expansion for resilience, underscoring the company’s commitment to leveraging data and technology to stay ahead of cyber adversaries.
In conclusion, acquiring BreachQuest by Resilience significantly advances the fight against cyber threats. This strategic move demonstrates both companies’ shared commitment to improving cyber resilience and lowering the impact of costly cyber incidents.