Apple moves on cyber insurance

Apple has announced it is working with Cisco to help businesses which use both technology brands to get a discount on their cyber insurance premiums.

Reuters reported that Apple CEO Tim Cook said this week that using combination of gear from the two companies was more secure than the use of competing technology.

Cook stated: “The thinking we share here is that if your enterprise or company is using Cisco and Apple, the combination of these should make that (cyber-security) insurance cost significantly less.

“This is something we’re going to spend some energy on. You should reap that benefit.”

Collaboration

Cisco noted in its blog: “Cisco is embarking on a new journey in cyber insurance. We’re collaborating with insurance industry heavyweights to lead the way in developing the architecture that enables cyber insurance providers to offer more robust policies to our customers.

“We will do this by enabling continuous security monitoring and a measurable reference architecture that includes technologies from Apple and Cisco.”

At present it is unclear who the “insurance heavyweights” may be or how a deal or capacity provision may work in practice.

 - Insurance Age