Tech giants unveil cyber risk management solution

Tech giants unveil cyber risk management solution

Tuesday February 06, 2018,

2 min Read

Tech giants Cisco, Apple, Aon and Allianz on Tuesday unveiled a cyber risk management solution for businesses that has cyber resilience evaluation services from Aon, a secure technology from Cisco and Apple and options for enhanced cyber insurance coverage from Allianz.

The new solution, which is now available, is designed to help organisations better manage and protect themselves from cyber risk associated with ransomware and other malware-related threats.

Aon cyber security professionals will assess interested customers' cyber security posture and recommend ways to help improve their cyber security defenses. Jason Hogg, CEO, Aon Cyber Solutions, said in a statement,

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.

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.

"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," added Bill Scaldaferri, President and CEO, Allianz Global Corporate and Specialty (AGCS) North America.

The solution has "Cisco Ransomware Defense" 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.

"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," Chuck Robbins, Chairman and CEO, Cisco, said.

The tight integration of hardware, software and services on iOS devices ensures that each component of the system is trusted. Users benefit from always-on hardware encryption, as well as support for secure networking protocols.

"We're thrilled that insurance industry leaders recognise that Apple products provide superior cyber protection and that we have the opportunity to help make enhanced cyber insurance more accessible to our customers," said Tim Cook, Apple's CEO.