Resilience Uses Claims Data to Target Costliest Cyber Risks in Manufacturing

New updates have been reported about Resilience.

Resilience has released a new report, The State of Cybersecurity in Manufacturing, using proprietary insurance claims data to pinpoint where cyber incidents are generating the heaviest financial losses for its manufacturing clients and which controls most effectively reduce that risk. For executives, the core finding is that ransomware, while only 12% of incident volume in Resilience’s manufacturing portfolio, drives more than 90% of total incurred losses, with a single BlackCat event tied to misconfigured multi-factor authentication (MFA) emerging as the most expensive case and helping explain why MFA failures alone account for roughly 26% of portfolio losses.

The report positions Resilience not just as an insurer but as a data-driven risk partner, highlighting a set of straightforward security practices that materially lower exposure, including auditing and validating MFA deployments, tightening vulnerability management for internet-facing systems, implementing procedural controls for financial transfers, and extending security requirements to critical vendors and supply chain partners. Resilience’s leadership, including CEO Vishaal “V8” Hariprasad and Risk Operations Center head Jud Dressler, underscores that these measures are relatively simple to implement yet deliver high return on risk reduction, supporting better underwriting outcomes and more informed cyber risk quantification for CFOs and boards, and reinforcing Resilience’s strategy of integrating software, expert services, and A+ rated cyber insurance for large and mid-market organizations across the U.S., U.K., Canada, and Europe.