Businesses With Apple And Cisco Products May Now Pay Less For Cybersecurity Insurance
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Cyber insurance is an insurance product designed to help businesses hedge against the potentially devastating effects of cybercrimes such as malware, ransomware, distributed denial-of-service (DDoS) attacks, or any other method used to compromise a network and sensitive data. Also referred to as cyber risk insurance or cybersecurity insurance, these products are personalized to help a company mitigate specific risks.
Most likely, you do. As the number of applications, devices, etc. increases, an organization becomes more vulnerable to attacks. Just like businesses insure against business problems, natural disasters, and physical risks, they need insurance coverage for cyber risks as well.
Cisco, Apple, Aon and Allianz have announced a new cyber risk management solution for U.S. businesses, comprised of cyber resilience evaluation services from Aon, the most secure technology from Cisco and Apple, and options for enhanced cyber insurance coverage from Allianz.
Cyber security risk is growing. Losses from cyber threats are outpacing investment in IT securityi. This fact, combined with low adoption of cyber insuranceii, an active adversary, a fragmented security technology market and a security skills shortage, means it is difficult for many organizations to understand and manage this risk effectively. The new solution covers the primary dimensions of cyber protection for businesses. The key elements of the offering include:
One way to mitigate this risk is cyber insurance. You might assume that businesses would routinely include cyber insurance as part of their risk posture to cover the cost of potential breaches, but 68 percent of companies do not have it.
Organizations with this more effective security posture become more insurable and can qualify for more robust cyber insurance coverage than what generally exists today. This insurance has numerous enhancements with just a couple of them being lower or waived deductibles and coverage for business income loss due to a cybersecurity event.
For some groups, it may be that they feel they are fully prepared to take on the challenge of defending against an attack or potentially recover from one. But cyber security insurance offers the ability to transfer that risk to an insurance company that can help you with everything from covering lost revenue to providing incident response as soon as you detect an attack.
For example, Rudo said that on most cyber insurance applications, the potential insured must answer questions about patching cadence, the number of endpoints that access their network, what (if any) firewalls are in place and what third-party vendors the company works with.
Accenture is combining its leadership in industry and digital transformation with the power, simplicity, and security of Apple products to help businesses unlock new revenue streams, improve customer experience, increase productivity, and reduce costs. Accenture has created dedicated Apple practices within select Accenture Digital Studios where development experts are colocated. Working together, the team helps enterprise clients transform how they engage with customers using iPhone and iPad.
As markets harden, insureds from every sector may be experiencing hefty premium increases across lines. In recent years, as the insurance industry has attempted to balance its books in the face of inflation and the aftermath of the COVID-19 pandemic, rate increases have become the norm, even for businesses with good loss histories.
Frustrated with premium spend rising, many companies are considering captive and programs solutions for some of their exposures. These solutions help businesses get the protection they need at a lower rate than traditional insurance policies.
Cloud computing giants are changing the cybersecurity market with their own offerings, acquisitions and software marketing deals. Microsoft (MSFT) poses the biggest threat to incumbents in the sector as it sells multiple products to companies in discounted deals.
Founded in 1998, the company is known worldwide for its vSphere VMware Hypervisor, which enables the virtualization of practically any x86 or x64 architecture. VMware was the first commercially successful company to virtualize the x86 architecture. In 2004 the company was acquired by EMC (which was later acquired by Dell in 2016), and since these acquisitions, many more products have been added to the VMware inventory. The company now has a major presence in private data centers, cloud management services, virtualized storage, networking, and desktop software. As businesses promote digitization with a push for remote working, VMware's offerings become even more valuable. The company's revenue rose from $9.6 billion to $11.8 billion between 2018 and 2020.
Founded in 2004, Sisense goes beyond traditional business intelligence by providing organizations with the ability to infuse analytics everywhere, at the right time, every time. The Sisense Fusion Platform provides two powerful use cases: with analytics, businesses can empower employees of all skill levels to analyze data and build customized and personalized experiences that are infused directly into workflows and business processes. And with analytics for customers, users are able to rapidly create powerful differentiation with the API-First platform that seamlessly infuses AI-powered intelligence and self-service analysis into customer products at scale.
In 2002, Adam Schwartz used his life savings to start a company called Articulate. Although it began as a plug-in for PowerPoint, today the company has more than 300 employees focused on changing the way the world learns online. Articulate actually has two main products. One is a set of tools for companies building training solutions that connects to an enterprise learning management system. The other product is aimed at small and midsize businesses (SMB) or departments in an enterprise. The company's platform allows users to develop custom, interactive courses that work on every device without any manual tweaking, enabling clients to create e-learning courses for their learning management system.
While cybersecurity makes headlines, the physical security of government organizations, enterprises, health systems, and educational institutions is a less glamorous subject. Based in the San Francisco Bay area of California, Identiv is a global leader in digitally securing the physical world, innovating the fields of radio frequency identification (RFID) and near-field communication (NFC) technology. The company is led by CEO Steven Humphreys, a 40-year veteran of the technology and security sectors, who believes that in order for security to be successful, it must also be convenient. 2b1af7f3a8