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Apple, Cisco Strike Partnerships for Cyber Insurance

Apple, Cisco Strike Partnerships for Cyber Insurance
Apple and Cisco say they've partnered with insurers Aon and Allianz to offer cyber insurance policies for organizations that meet best security practices and use products from the technology companies. The "enhanced" policies may feature lower or no deductibles as an incentive. The policies may cover data breach response, a potentially expensive undertaking that can involve forensic investigators, public outreach, managing inquiries from regulators and lawsuits. "Those create hard costs," says Emy Donavan, head of cyber at Allianz. "Most companies don't have the balance sheet ability to respond to these hard costs that are incurred when companies have cyber incidents."
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Apple, Cisco Strike Partnerships for Cyber Insurance

February 06, 2018
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Apple, Cisco Strike Partnerships for Cyber Insurance

Source: Gov Info Security

Apple and Cisco say they've partnered with insurers Aon and Allianz to offer cyber insurance policies for organizations that meet best security practices and use products from the technology companies. The "enhanced" policies may feature lower or no deductibles as an incentive. The policies may cover data breach response, a potentially expensive undertaking that can involve forensic investigators, public outreach, managing inquiries from regulators and lawsuits.

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