Cisco, Apple, Aon and Allianz today announced a new cyber risk
management solution for businesses, comprised of cyber resilience
evaluation services from Aon, the most secure technology from Cisco
and Apple, and options for enhanced cyber insurance coverage from
Allianz. The new solution is designed to help a wider range of
organizations better manage and protect themselves from cyber risk
associated with ransomware and other malware-related threats, which
are the most common threats faced by organizations today.
Cyber security risk is growing. Losses from cyber threats are
outpacing investment in IT securityi. This fact, combined with low
adoption of cyber insuranceii, an active adversary, a fragmented
security technology market and a security skills shortage, means it
is difficult for many organizations to understand and manage this
risk effectively.
The new solution covers the primary dimensions of cyber
protection for businesses. The key elements of the offering
include:
• Cyber Resilience
Evaluation: Aon cyber security professionals will assess
interested customers’ cyber security posture and recommend ways to
help improve their cyber security defenses.
• Cyber Insurance:
Allianz evaluated the Cisco and Apple technical foundation of
the solution and determined that customers using Cisco Ransomware
Defense, and/or qualified Apple products can be eligible for the
Allianz-developed enhanced cyber insurance offering, acknowledging
the superior level of security afforded to businesses by Cisco and
Apple technology. 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. Enhancements include market-leading policy
coverage terms and conditions, including potentially qualifying for
lower, or even no, deductibles in certain cases. The cyber
insurance coverage is underwritten by Allianz Global Corporate
& Specialty (AGCS).
- Cisco Ransomware Defense is part of Cisco’s
integrated security portfolio that leverages industry leading
threat intelligence from Cisco Talos to see threats once, and block
them everywhere. The solution includes advanced email security,
next-generation endpoint protection and cloud-delivered malicious
internet site blocking, to strengthen an organization’s defenses
against malware, ransomware and other cyber threats.
- Apple products: iPhone, iPad
and Mac give employees the best experiences at work with the strong
security that businesses need. The tight integration of hardware,
software and services on iOS devices ensures that each component of
the system is trusted, from initial boot-up to installing
third-party apps. Users benefit from always-on hardware encryption,
as well as support for secure networking protocols like Transport
Layer Security (TLS) and VPN out of the box.
• Incident Response
Services: Organizations will have access to Cisco and
Aon’s Incident Response teams in the event of a malware attack.
The new solution is available today. For further information
visit https://cisco.com/go/cyberinsurance
Supporting quotes
“At Cisco, security is foundational to everything we do. As
the leading enterprise security company, we know that in a digital
world security must come first, and our integrated security
architecture reduces customers’ overall risk of exposure to
ransomware and malware attacks,” said Chuck Robbins, Chairman
and CEO, Cisco. “Cisco Security technology is
central to the new holistic risk management solution and we are
excited to bring another important benefit to our customers with
greater options for cyber insurance.”
“The choice of technology providers plays a critical role in any
company’s defense against cyber attacks. 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,"
said Tim Cook, Apple’s CEO. “iPhone,
iPad and Mac are the best tools for work, offering the world’s best
user experience and the strongest security. We’re thrilled that
insurance industry leaders recognize that Apple products provide
superior cyber protection, and that we have the opportunity to help
make enhanced cyber insurance more accessible to our
customers.”
“Ransomware is an evolving risk that impacts every level of an
enterprise. Organizations urgently need to be managing these risks
from both the technical and the financial perspective,” said Jason
Hogg, CEO, Aon Cyber Solutions. “This holistic
solution provides our clients with an integrated approach to
addressing ransomware risk. We can provide customers with guidance
on what cyber defenses, resources and processes to deploy to
improve their cyber posture. It’s the improved cyber posture that
makes them eligible for enhanced/broader cyber insurance
protection.”
”Proactive analysis coupled with the latest technology creates
an ideal defense against today’s ever-changing ransomware and
malware attacks,” said Bill Scaldaferri, President & CEO,
AGCS North America. “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.”
About CiscoCisco (NASDAQ:CSCO)
is the worldwide technology leader that has been making the
Internet work since 1984. Our people, products, and partners help
society securely connect and seize tomorrow’s digital opportunity
today. Discover more at newsroom.cisco.com and follow us on Twitter
at @Cisco.
About AppleApple revolutionized
personal technology with the introduction of the Macintosh in 1984.
Today, Apple leads the world in innovation with iPhone, iPad, Mac,
Apple Watch and Apple TV. Apple’s four software platforms — iOS,
macOS, watchOS and tvOS — provide seamless experiences across all
Apple devices and empower people with breakthrough services
including the App Store, Apple Music, Apple Pay and iCloud. Apple’s
more than 100,000 employees are dedicated to making the best
products on earth, and to leaving the world better than we found
it.
About AonAon plc (NYSE:AON) is
a leading global professional services firm providing a broad range
of risk, retirement and health solutions. Our 50,000 colleagues in
120 countries empower results for clients by using proprietary data
and analytics to deliver insights that reduce volatility and
improve performance.
Follow Aon on Twitter:
https://twitter.com/Aon_plc Sign up for News Alerts:
http://aon.mediaroom.com/index.php?s=58
About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS), part of the
Allianz Group, is dedicated to global corporate and specialty
insurance business. AGCS underwrites insurance and provides risk
consultancy across the whole spectrum of specialty, alternative
risk transfer and corporate business: Marine, Aviation (incl.
Space), Energy, Engineering, Entertainment, Financial Lines (incl.
D&O), Liability, Mid-Corporate and Property insurance (incl.
International Insurance Programs). Worldwide, AGCS operates in 32
countries with own units and in over 210 countries and territories
through the Allianz Group network and partners. In 2016, it
employed around 5,000 people and provided insurance solutions to
more than three quarters of the 'Fortune Global 500' companies,
writing a total of €7.6 billion gross premium worldwide. AGCS SE is
rated AA by Standard & Poor’s and A+ by A.M. Best.
Media Contacts:
Cisco Ella Nevillelnevill@cisco.com+1 617 951
6622
AppleJessica Reevesj_reeves@apple.com+1 669 283
2855
AonCarolyn VadinoCarolyn.vadino@aon.com+1 917
402 5455
AllianzSabrina
GlavanSabrina.glavan@agcs.allianz.com+1 646 472 1510
___________________________
i Source: Lloyd’s CEO: Cyber attacks cost
companies $400 billion every year, Fortune, Jan 2015 Source:
Cybercrime will Cost Businesses Over $2 Trillion by 2019, Juniper
Research, May 2015Source: Hackerpocalypse: A Cybercrime Revelation,
2016 Cybercrime Report, Cybersecurity Ventures, August 2016Source:
Forecast: Information Security, Worldwide, 2015-2021, 3Q17 Update,
Gartner, Nov 2017
ii Source: Cyber Market Survey Spring 2017.
https://www.ciab.com/resources/cyber-market-survey-spring-2017/
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