Online Broadband Guide
Online Broadband Guide


Cyber Security and Enhanced Cyber Insurance

Cyber Security and Enhanced Cyber Insurance

Now with Apple, Cisco and the insurance companies working together, organisations will be able to take advantage of a streamlined cyber security strategy. "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", he said. This, in combination with individual risk insights gained through the Cyber Resilience Evaluation, makes possible the enhanced cyber insurance coverage to Cisco and Apple business customers. At the Cisco Live event last June, Apple CEO Tim Cook and Cisco CEO Chuck Robbins publicly spoke about an effort to work together to help enable cyber-security insurance. The arrangement uses Aon's resilience evaluation to formulate cybersecurity insurance potentially "enhanced" by low deductibles, or no deductibles in some instances. CRE is an assessment service that gives organizations a sense of what their security posture is and where gaps might exist, Ulevitch said. The system covers email security, next-generation endpoint protection and cloud-delivered umbrella protection with a particular focus on fighting malware and ransomware. Cisco Umbrella is a DNS-based service that helps filter out and block threats. North America is expected to lead the market during this time, though the European cyber insurance market is expected to grow the most rapidly.

Cyber Insurance: Customers using Cisco Ransomware Defense and/or certain Apple products will be eligible to receive the Allianz-developed enhanced cyber insurance.

USA cyber security premiums amounted to $1.35 billion in 2016, according to data gathered by Reuters from the National Association of Insurance Commissioners, and Monday's deal may go some way to entice businesses looking to protect their systems. If organizations deploy Apple devices, they will quality for additional coverage enhancement, and for organizations that deploy both Cisco and Apple, they will can get complete coverage.

With this in mind, Apple, Cisco, Allianz and Aon are now offering a new alternative in order to effectively deal with the harsh consequences of cyber attacks. Ulevitch said that as part of the joint effort with Aon, Apple and Allianz, distributed denial-of-service (DDoS) attacks are now not part of the overall mix.

The offering aims to help a wider range of organizations better manage and protect themselves from ransomware and other malware-related threats, the companies said.

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