Apple, Cisco, Allianz, Aon partner on cyber risk solution

A new cybersecurity risk management solution is in the works from Apple and Cisco, in partnership with insurance provider Allianz and professional services firm Aon, the companies announced in a press release.

Each party will offer a different piece of the solution, ranging from risk assessment to follow-up services. The service is aimed at providing threat management to a broad range of companies, the release said, and could help organisations more easily cover their bases when it comes to cybersecurity.

The new solution handles the “primary dimensions” of cyber defense, the release said. If successful, it could provide an easy way for enterprises and SMBs alike to build a general foundation of cybersecurity in their organization.

The new solution is geared primarily toward ransomware and malware-related threats, the release said. The first step in the solution is a Cyber Resilience Evaluation provided by Aon.

Another major aspect of the solution is cyber insurance. Customers that use Cisco Ransomware Defense and/or qualified Apple products can be eligible for a new enhanced cyber insurance provision from Allianz, which also offers opportunities for reduced rates.

“Enhancements include market-leading policy coverage terms and conditions, including potentially qualifying for lower, or even no, deductibles in certain cases,” the release said.

Cisco Ransomware Defense and system-level security from Apple (Transport Layer Security (TLS), VPN, etc.) are also considered part of the solution.

“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.

Incident Response Services, in case of a breach, will be provided by Cisco and Aon to help mitigate the damage done by such incidents.