The goal is said to help businesses better manage and protect themselves from the risk of cyber attacks, like ransomware and other malware-related threats. In the announcement, Apple said that the "low adoption" of cyber insurance amid an increased risk of attacks led to the new partnership, which ultimately aims to help businesses become "more resilient" to these threats.
Businesses taking part in the solution will potentially qualify for lower, "or even no," deductibles in some cases, as well as gain access to "market leading" policy coverage terms. The key elements of the solution include:
- Cyber Resilience Evaluation: Aon cyber security professionals will assess interested customers’ cyber security posture and recommend ways to help improve their cyber security defenses.Apple CEO Tim Cook said that the partnership will help make cyber insurance "more accessible" for the businesses that partake in the solution. In total, Apple's iPhone, iPad, and Mac devices are said to be the tools supported under the new insurance.
- Cyber Insurance: 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.
- Incident Response Services: Organizations will have access to Cisco and Aon’s Incident Response teams in the event of a malware attack.
“The choice of technology providers plays a critical role in any company’s defense against cyber attacks. That’s why, from the beginning, Apple has built products from the ground up with security in mind, and one of the many reasons why businesses around the world are choosing our products to power their enterprise," said Tim Cook, Apple’s CEO.Cisco has launched a new website with more information about the cyber risk solution. For business interested, Apple said that the solution is available starting today.
“iPhone, iPad and Mac are the best tools for work, offering the world’s best user experience and the strongest security. We’re thrilled that insurance industry leaders recognize that Apple products provide superior cyber protection, and that we have the opportunity to help make enhanced cyber insurance more accessible to our customers.”