Cyber risk solutions company Resilience has announced the third anniversary of the launch of its Edge cyber risk management platform.
The company reports that organizations using Edge have collectively reduced their exposure to extreme cyber losses by more than $1 billion between 2023 and 2026, during which time its customer base has grown more than tenfold over the past three years.
Edge, created by Resilience, goes beyond traditional heat maps and security scoring methods to introduce a decision-making layer that translates cyber risk into the language of finance.
Security and risk teams use the platform to measure and prioritize risks, develop response strategies, and provide boards with a clearer financial view of cyber risk and tools to support remediation activities. Resilience said Edge is widely used in industries including manufacturing, energy, healthcare, financial services and education.
“Three years ago, the industry viewed cyber risk as a technology issue. Our understanding at the time, and what this data confirms, was that it was a financial issue,” commented Vishaal Hariprasad, CEO of Resilience. “Reducing extreme loss risk by $1 billion is not a product metric, but rather evidence that security and risk teams can successfully act when they have financially based data. That’s what Edge is all about, and what three years of customer results show.”
Resilience outlines five major capabilities in Edge. The Cyber Risk Profile Builder consolidates control data and reduces the time required for risk and control assessments by approximately 65%, eliminating reliance on manual spreadsheet processes for reporting cycles and insurance submissions. The platform also includes loss exceedance curve and risk quantification capabilities to provide financial estimates of key cyber scenarios to support board reporting and insurance decisions.
Quantified cyber action plans prioritize remediation based on potential financial impact rather than severity ratings alone, and approximately 70% of edge customers use these insights to inform security investment decisions and risk reduction plans.
The critical discovery capability identifies and escalates high-severity risks through Resilience’s Risk Operations Center, providing containment guidance based on broader portfolio results. According to Resilience, over a three-year period, customers using Edge had a 77.4% remediation rate for critical issues.
Vendor risk reporting and breach and attack simulations extend assessments from internal systems to third-party risks and test the effectiveness of controls under simulated attack conditions. For brokers, this approach shifts the conversation from qualitative security assessments to financially quantified risk exposure, helping to inform decisions to mitigate, transfer and accept risk, Resilience noted.
Resilience also notes that Edge has continued to evolve since its launch, influenced by customer feedback and the growing needs of organizations managing risk across multiple entities.
George Kotsiopoulos, president of insurance at Resilience, added: “For three years, we have continued to evolve Edge to deliver the cyber risk quantification and third-party risk management capabilities that large organizations need to understand and address the risks most likely to cause losses.”
“For example, with our new Arc solution, we are extending these same capabilities to multi-entity organizations, providing holding companies and private equity-backed portfolios with the same financial transparency for each subsidiary, portfolio company and business unit that Edge provides at the entity level.”
