Case Study: a leading finance company achieves 20X ransomware coverage with Resilience

When Cybersecurity And Cyber Insurance Work In TANDEM, 20% Security Effort Can Deliver 20X Risk Transfer

The customer, a leading finance company, approached Resilience with a challenge. As a small firm with a limited IT team that could only dedicate 20% of its time to security, it had minimal controls. This resulted in their cyber insurance policy from Resilience having high sub-limits and offering only $250k in ransomware coverage, which was insufficient for their risk tolerance. They adopted Resilience's Edge solution to address this.

Resilience implemented a tailored cyber hygiene plan, working directly with the client's team to educate them and implement advanced security controls. This partnership ensured the company met all necessary requirements to improve its policy. At renewal, the client achieved a massive 20X increase in ransomware coverage, receiving a $5 million limit. Resilience continues to serve as a long-term advisor on the company's path to cyber resilience.