Apple, Cisco, Allianz, Aon Group Up on Cybersecurity Insurance coverage

(aapl) products offer remarkable cyber protection, which we have the opportunity to assist make enhanced cyber insurance coverage more available to our customers,” Apple CEO Tim Cook stated in a statement.Cook and Cisco(csco)

CEO Chuck Robbins stated in June that the two companies were exploring a joint-insurance policy program for business consumers that use their two items, however they didn’t reveal their insurer partners at the time.The move highlights Apple’s desire to become a big organisation innovation company that offers its flagship iPhones, iPad, and Mac computer systems to business workplaces. Get Data Sheet, Fortune’s innovation newsletter.Apple formed a collaboration with Cisco in 2015 in which the 2 business share engineering teams that make their respective technologies more suitable with each other. At the time, the 2 companies were working to make Cisco’s networking and video and web conferencing services work better with Apple’s iOS and MacOS gadgets, but it appears they have because expanded it to consist of Cisco’s security services.In August, insurance giant American Insurance Group said it would start

selling cyber security insurance prepares to U.S. consumers who fear that their delicate data like social security or charge card numbers could get exposed to hackers online.Clarification: This post was updated to make clearer that Cisco and Apple are not directly selling insurance coverage.

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http://fortune.com/2018/02/05/apple-cisco-allianz-cybersecurity-insurance/

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