Apple and Cisco Team Up on Cybersecurity

Apple and Cisco are now offering companies insurance policies to protect them financially against cyber attacks.

Insurance policies are part of a larger package that also contains business security assessments. As part of this offer, the Aon professional services firm will provide business security advice, while the Allianz insurance company will offer discounted cyber security coverage, provided that some customers use certain Apple devices and products. Cisco security.

"We are pleased that insurance executives recognize that Apple products (aapl, -2.75%) offer superior cybersecurity and that we have the opportunity to make cybersecurity more accessible to our customers," Tim said. Cook, Apple's CEO. in a statement.

Chuck Robbins, CEO of Cook and Cisco (csco, -4.47%), said in June that the two companies were considering a joint insurance policy for companies using their two products, but that they were their business partners. insurance at that time. have not made public.

This decision underscores Apple's desire to become a leading enterprise technology provider that sells its leading iPhones, iPads and Macs to businesses.

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Apple signed a partnership with Cisco in 2015, in which the two companies share technical teams that can better match their respective technologies. At the time, the two companies were striving to make Cisco's network, video and web conferencing services work better with Apple's iOS and MacOS devices, but it appears that they have since expanded Cisco security services.

In August, insurance giant American Insurance Group announced that it would sell cyberinsurance plans to US consumers who fear that their sensitive data, such as social security or credit card numbers, could be exposed to hackers. online.

Clarification: This article has been updated to clarify that Cisco and Apple do not sell direct insurance.