For businesses out there that use software, hardware and services from Apple and Cisco might possibly be able to qualify for a new enhanced cyber-crime insurance company named Allianz SE.
Tim Cook from Apple stated he is thrilled that “insurance industry leaders recognize that Apple products provide superior cyber protection”. These companies will provide guidance and support on improving digital security for their companies, and allow them to claim the enhanced cyber insurance if certified Apple and Cisco products are used.
Apple has stated that these new solutions help organizations protect against ransomware and malware attacks, the most common attacks that threaten large companies today.
Businesses must be using malware-blocking software from Cisco and certain Apple hardware to apply for the special insurance policy from Allianz SE. Aon, an insurance broker, will also perform a cyber-security evaluation on the firm to ensure compliance with the latest security standards.
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, acknowledging the superior level of security afforded to businesses by Cisco and Apple technology. This, in combination with individual risk insights gained through the Cyber Resilience Evaluation, makes possible the enhanced cyber insurance coverage to Cisco and Apple business customers. Enhancements include market-leading policy coverage terms and conditions, including potentially qualifying for lower, or even no, deductibles in certain cases. The cyber insurance coverage is underwritten by Allianz Global Corporate & Specialty (AGCS).