CDSA

Apple, Cisco Team Up to Push for Cybersecurity Insurance Discounts (New York Times)

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Apple Inc is working with Cisco Systems Inc to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim Cook said on Monday.

Sharing a stage with Cisco CEO Chuck Robbins at a Cisco event in Las Vegas, Cook said the combination of gear from the two companies was more secure than the use of competing technology, such as the Android mobile operating system made by Alphabet Inc’s Google.

“The thinking we share here is that if your enterprise or company is using Cisco and Apple, the combination of these should make that (cyber-security) insurance cost significantly less,” Cook said. “This is something we’re going to spend some energy on. You should reap that benefit.”

Cisco gave few details about the effort, saying in a company blog post the two companies were “collaborating with insurance industry heavyweights … to offer more robust policies to our customers.”

Cisco said it will create systems that allow for continuous security monitoring and for insurers to double-check that the systems are set up as intended.