Apple, Cisco Team Up With Insurance Companies to Offer Cybersecurity Discounts for Businesses
07 February, 2018, 01:25
Combined with individual risk insights with the Cyber Resilience Evaluation, cyber security insurance coverage is enhanced for business customers.
The arrangement, which also includes insurance broker Aon Plc, will help businesses fortify their cyber security defenses and make them eligible to score more favorable terms for cyber coverage, such as lower or no deductibles, along with support services in the event of attack, the companies said.
The four companies believe that cyber threats are not the only problems for cybersecurity risk.
Low adoption of cyber insurance combined with a fragmented security technology market and a security skills shortage means it is hard for many organisations to understand and manage this risk effectively. "There's an opportunity for them to resell the components of Ciscoransomware defense solution, and the conversation about risk and risk management and how we're engaging with insurance industry has been a hot topic". "That's why, from the beginning, Apple has built products from the ground up with security in mind, and one of the many reasons why businesses around the world are choosing our products to power their enterprise".
"Proactive analysis coupled with the latest technology creates an ideal defense against today's ever-changing ransomware and malware attacks", Allianz Global Corporate and Specialty North America CEO Bill Scaldaferri said in the release.
Customers will have access to response team services should a cyberincident occur, insurance perks such as potentially lower insurance deductibles and protection of email, endpoint and internet safegaurds. We can provide customers with guidance on what cyber defenses, resources and processes to deploy to improve their cyber posture.
"This strategic alliance with Aon, Apple and Cisco allows us to provide a unique solution to companies using this integrated platform to manage risk and ultimately strengthen their battle against high-profile threats". Now with Apple, Cisco and the insurance companies working together, organisations will be able to take advantage of a streamlined cyber security strategy.
The integrated cyber solution aims to cover the most important needs of cyber protection for businesses: Aon cyber security professionals will offer cyber resilience evaluation by assessing clients' cyber security standing and recommending cyber security defence improvements.
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