LOS ANGELES & DALLAS--(BUSINESS WIRE)--Jul 21, 2025--
Resecurity, a Los Angeles-based global cybersecurity and threat intelligence company, today announced a strategic partnership with Braly Insurance Group, a Texas-based independent insurance brokerage known for delivering tailored risk solutions to clients across the United States and internationally.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250721580006/en/
This forward-looking partnership combines the strength of Resecurity’s cyber threat intelligence capabilities with Braly Insurance Group’s deep expertise in risk management and commercial insurance. Together, the two companies aim to bring a more data-driven and proactive approach to cyber insurance strategy, helping businesses better understand, quantify, and respond to cyber risk in a way that aligns with the evolving demands of the insurance marketplace.
The collaboration is built around a shared goal: equipping organizations with the insights and tools they need to strengthen their cybersecurity posture and better position themselves in the insurance market. Through a coordinated approach, Braly and Resecurity will work together to support businesses in enhancing their overall risk profile by integrating advanced security data with tailored insurance guidance.
“We have long believed that cybersecurity and insurance should work hand in hand, but few companies actually bring those two disciplines together in a meaningful way,” said Caden Braly, Vice President of Business Development at Braly Insurance Group. “This partnership allows us to take a more sophisticated approach to cyber risk by integrating real-world security insights into our client advisory and placement process. It is a strategic step toward offering smarter, more adaptive risk solutions.”
The partnership involves a concerted effort to help select businesses identify key cyber exposures and demonstrate their risk mitigation practices in ways that resonate with insurance carriers. The approach is designed to support more favorable underwriting outcomes for organizations committed to cybersecurity improvement.
In turn, Braly Insurance Group will provide Resecurity with aggregated data and market feedback that supports Resecurity’s broader mission to make cybersecurity a more measurable and outcome-oriented investment for its clients. Additionally, Braly will assist in facilitating strategic introductions to stakeholders in the insurance space, providing Resecurity with valuable insight into how cyber risk tools are being perceived and applied by the insurance industry.
“We are excited to work with Braly Insurance Group because they truly understand the business impact of cybersecurity,” said Gene Yoo, CEO of Resecurity. “This partnership opens the door to more productive conversations between security teams, business leaders, and insurers. It is about building a bridge between technical excellence and financial decision making.”
This collaboration comes at a time when cyber threats are growing in frequency and sophistication, and when underwriters are demanding more clarity around how organizations manage digital risk. By joining forces, Resecurity and Braly Insurance Group are helping clients get ahead of both challenges and opportunities in the cyber insurance space.
About Resecurity®
Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and threat intelligence. Recognized globally for its innovation and technical leadership, Resecurity is trusted by Fortune 500 companies, government agencies, and managed security service providers (MSSPs) worldwide. Learn more at www.resecurity.com.
About Braly Insurance Group
Braly Insurance Group is an independent insurance brokerage based in Texas, serving clients in all 50 states and internationally. With deep expertise across Property and Casualty, Employee Benefits, and Financial Services, Braly specializes in developing customized insurance strategies for businesses operating in complex and highly regulated industries. Strategically backed by Keystone Agency Partners, Braly Insurance Group has access to national-scale resources that deliver added value to middle-market and enterprise clients. Learn more at www.bralyinsurance.com.
Resecurity and Braly Insurance Group Announce Strategic Partnership to Drive Innovation in Cybersecurity and Insurance Risk Management
NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.
Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with his “full support.” Trump said he hoped it would be in place Jan. 20, one year after he took office.
Strong opposition is certain from Wall Street in addition to the credit card companies, which donated heavily to his 2024 campaign and have supported Trump's second-term agenda. Banks are making the argument that such a plan would most hurt poor people, at a time of economic concern, by curtailing or eliminating credit lines, driving them to high-cost alternatives like payday loans or pawnshops.
“We will no longer let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%,” Trump wrote on his Truth Social platform.
Researchers who studied Trump’s campaign pledge after it was first announced found that Americans would save roughly $100 billion in interest a year if credit card rates were capped at 10%. The same researchers found that while the credit card industry would take a major hit, it would still be profitable, although credit card rewards and other perks might be scaled back.
About 195 million people in the United States had credit cards in 2024 and were assessed $160 billion in interest charges, the Consumer Financial Protection Bureau says. Americans are now carrying more credit card debt than ever, to the tune of about $1.23 trillion, according to figures from the New York Federal Reserve for the third quarter last year.
Further, Americans are paying, on average, between 19.65% and 21.5% in interest on credit cards according to the Federal Reserve and other industry tracking sources. That has come down in the past year as the central bank lowered benchmark rates, but is near the highs since federal regulators started tracking credit card rates in the mid-1990s. That’s significantly higher than a decade ago, when the average credit card interest rate was roughly 12%.
The Republican administration has proved particularly friendly until now to the credit card industry.
Capital One got little resistance from the White House when it finalized its purchase and merger with Discover Financial in early 2025, a deal that created the nation’s largest credit card company. The Consumer Financial Protection Bureau, which is largely tasked with going after credit card companies for alleged wrongdoing, has been largely nonfunctional since Trump took office.
In a joint statement, the banking industry was opposed to Trump's proposal.
“If enacted, this cap would only drive consumers toward less regulated, more costly alternatives," the American Bankers Association and allied groups said.
Bank lobbyists have long argued that lowering interest rates on their credit card products would require the banks to lend less to high-risk borrowers. When Congress enacted a cap on the fee that stores pay large banks when customers use a debit card, banks responded by removing all rewards and perks from those cards. Debit card rewards only recently have trickled back into consumers' hands. For example, United Airlines now has a debit card that gives miles with purchases.
The U.S. already places interest rate caps on some financial products and for some demographics. The Military Lending Act makes it illegal to charge active-duty service members more than 36% for any financial product. The national regulator for credit unions has capped interest rates on credit union credit cards at 18%.
Credit card companies earn three streams of revenue from their products: fees charged to merchants, fees charged to customers and the interest charged on balances. The argument from some researchers and left-leaning policymakers is that the banks earn enough revenue from merchants to keep them profitable if interest rates were capped.
"A 10% credit card interest cap would save Americans $100 billion a year without causing massive account closures, as banks claim. That’s because the few large banks that dominate the credit card market are making absolutely massive profits on customers at all income levels," said Brian Shearer, director of competition and regulatory policy at the Vanderbilt Policy Accelerator, who wrote the research on the industry's impact of Trump's proposal last year.
There are some historic examples that interest rate caps do cut off the less creditworthy to financial products because banks are not able to price risk correctly. Arkansas has a strictly enforced interest rate cap of 17% and evidence points to the poor and less creditworthy being cut out of consumer credit markets in the state. Shearer's research showed that an interest rate cap of 10% would likely result in banks lending less to those with credit scores below 600.
The White House did not respond to questions about how the president seeks to cap the rate or whether he has spoken with credit card companies about the idea.
Sen. Roger Marshall, R-Kan., who said he talked with Trump on Friday night, said the effort is meant to “lower costs for American families and to reign in greedy credit card companies who have been ripping off hardworking Americans for too long."
Legislation in both the House and the Senate would do what Trump is seeking.
Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., released a plan in February that would immediately cap interest rates at 10% for five years, hoping to use Trump’s campaign promise to build momentum for their measure.
Hours before Trump's post, Sanders said that the president, rather than working to cap interest rates, had taken steps to deregulate big banks that allowed them to charge much higher credit card fees.
Reps. Alexandria Ocasio-Cortez, D-N.Y., and Anna Paulina Luna, R-Fla., have proposed similar legislation. Ocasio-Cortez is a frequent political target of Trump, while Luna is a close ally of the president.
Seung Min Kim reported from West Palm Beach, Fla.
President Donald Trump arrives on Air Force One at Palm Beach International Airport, Friday, Jan. 9, 2025, in West Palm Beach, Fla. (AP Photo/Julia Demaree Nikhinson)
FILE - Visa and Mastercard credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)
