Apple and Cisco partner with insurance companies to offer discounts for cyber-crime insurance

Businesses that use predominantly use hardware, software and services from Apple and Cisco will be able to get discounts on cyber crime insurance from insurance company Allianz SE. Apple CEO Tim Cook said that Apple is thrilled that ‘insurance industry leaders recognize that Apple products provide superior cyber protection’.

The companies will provide guidance on improving digital security and allow firms to claim cheaper cyber insurance if certified Apple and Cisco products are used.

Businesses must be using malware-blocking software from Cisco and certain Apple hardware to apply for the special insurance policy from Allianz SE. Aon, an insurance broker, will also perform a cyber-security evaluation on the firm to ensure compliance with the latest security standards.

If a business is attacked, Cisco and Aon will provide ‘support services’ to help business get back on their feet.

The announcement follows a enterprise event last June where Cook revealed plans to offer cheaper insurance policies if companies used more-secure hardware like Apple devices, in collaboration with Cisco services.

Apple first announced a partnership with Cisco back in 2015. The companies work together to provide comprehensive IT solutions for enterprise. Apple has looked to grow Mac and iOS device penetration in businesses as consumer sales growth has slowed in the past few years.

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