Takeaways from NetDiligence: Did you know Business Email Compromise now causes more financial damage than ransomware?

My first NetDiligence Summit was a fantastic experience, filled with valuable discussions and new insights into today’s ever-evolving cyber threat landscape.

What stood out to me the most? Some of the trends we’ve been seeing at Resolute Strategic Services are now becoming widespread concerns for the entire industry—issues directly affecting the cost and impact of cyber incidents.

Here are a few trends impacting the cost of cyber incidents:

  • Minimum flat fees: A handful of communications firms providing incident response services are now requiring minimum flat fees upfront, causing what I view as unnecessary financial strain. At Resolute, we stand for transparent, fair pricing—we believe we are all in this together and partners don’t inflate costs.
  • Personalized attacks: Threat actors are becoming more brazen, going as far as sending flowers to a CEO’s home to exploit emotional vulnerabilities or launching smear campaigns on social media. No tactic is too low for them.
  • BEC losses surpass ransomware: AI-driven phishing techniques are getting smarter, leading to higher financial losses, sometimes greater than the cost of ransomware payouts.
  • Simple hacks, big payouts: Even the most basic security missteps, such as compromised credentials, are leading to some of the largest financial losses we’ve seen.

If we didn’t meet at NetDiligence, here’s what you should know about Resolute: At Resolute, we believe in responsive, transparent support.

Here’s how we can help you and your clients:

  • Expert incident response without inflated fees. No minimum flat fees. Just transparent pricing to fit your clients’ incident response needs.
  • Free consultations to help your clients assess and strengthen their incident response plans.
  • Preparedness is everything: From cyber IRP planning to interactive tabletop exercises, we provide actionable solutions that keep your clients ready for anything.

Let’s connect and explore how Resolute can add value to your work. Let’s set up a quick call to discuss how we can help your clients stay ahead of these emerging threats.

Best regards,
Dave
dave.smolensky@resolutestrategicservices.com