Cisco, Apple, Aon and Allianz have teamed up to release a cyber risk management solution for businesses.

In response to the increase in cyber attacks in recent years, these technology leaders have developed services to help manage cyber risks. Aon will provide cyber resilience evaluation services, Cisco and Apple will offer secure technology, and Allianz will deliver cyber insurance.

“Proactive analysis coupled with the latest technology creates an ideal defense against today’s ever-changing ransomware and malware attacks,” said Bill Scaldaferri, president and CEO, Allianz Global Corporate & Specialty, North America. “This strategic alliance with Aon, Apple and Cisco allows us to provide a unique solution to companies using this integrated platform to manage risk and ultimately strengthen their battle against high-profile threats.”

The main elements of the management solution include:

• Cyber Resilience Evaluation: Aon will provide cyber security professionals to evaluate an organization's current cyber security standards and make recommendations for improvement in their defenses.

• Cyber Insurance: Customers using Cisco Ransomware Defense and/or certain Apple products will be eligible to receive the Allianz-developed enhanced cyber insurance. Combined with individual risk insights with the Cyber Resilience Evaluation, cyber security insurance coverage is enhanced for business customers.

• Incident Response Services: In the event of a malware attack, organizations will have access to Cisco and Aon’s Incident Response teams.

“Ransomware is an evolving risk that impacts every level of an enterprise. Organizations urgently need to be managing these risks from both the technical and the financial perspective,” said Jason Hogg, CEO, Aon Cyber Solutions. “This holistic solution provides our clients with an integrated approach to addressing ransomware risk. We can provide customers with guidance on what cyber defenses, resources and processes to deploy to improve their cyber posture. It’s the improved cyber posture that makes them eligible for enhanced/broader cyber insurance protection.”