Technology giants Apple and Cisco systems have partnered with insurers Aon and Allianz to launch a new cybersecurity risk solution for US firms.
Allianz will offer reduced insurance premiums to those companies that use Cisco’s ransomware defence or Apple’s iPhones, iPads and Macs.
The agreement combines secure technology solutions from Apple and Cisco with cyber insurance coverage from Allianz and cyber resilience evaluation services from Aon.
“Cyber security risk is growing. Losses from cyber threats are outpacing investment in IT security. This fact, combined with low adoption of cyber insurance, an active adversary, a fragmented security technology market and a security skills shortage, means it is difficult for many organisations to understand and manage this risk effectively. The new solution covers the primary dimensions of cyber protection for businesses,” said Alliianz.