Cisco, Apple, Aon, Allianz form cyber risk management solution

Cisco, Apple, Aon and Allianz have formed a new cyber risk management solution for businesses.

The solution comprises cyber resilience evaluation services from Aon, secure technology from Cisco and Apple, and options for enhanced cyber insurance coverage from Allianz.

It is designed to help a wider range of organisations better manage and protect themselves from cyber risk associated with ransomware and other malware-related threats according to a statement from the quartet.
“Ransomware is an evolving risk that impacts every level of an enterprise. organisations 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.”
The key elements of the offering include cyber reslilence evalution, Cyber insurance, Cisco Ransomware Defense and Incident Response Services.

Last year, more than $2.4bn was invested across the in global cybersecurity sector according to data by RegTech Analyst. The second quarter of the 2017 was saw the majority of investment, with more-than $1.16bn spread across 36 deals.

Last month, Hysolate, a cybersecurity startup that has invented a hybrid endpoint architecture, landed $8m in funding following its launch of stealth. Cybersecurity foundry Team8 and Eric Schmidt’s Innovation Endeavors led the fundraising round. While C5 Capital, a UK-based fund investing purely in the cybersecurity sector, marked its first portfolio sale by offloading Balabit to One Identity.

Copyright © 2018 RegTech Analyst

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Copyright © 2018 RegTech Analyst


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