Apple, Cisco team up to push for cyber security insurance discounts | Reuters

By Stephen Nellis Apple Inc (AAPL.O) is working with Cisco Systems Inc (CSCO.O) 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 (GOOGL.O) 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 ..

Reuters June 27, 2017 06:18:09 IST
Apple, Cisco team up to push for cyber security insurance discounts
| Reuters

Apple Cisco team up to push for cyber security insurance discounts
 Reuters

By Stephen Nellis

Apple Inc (AAPL.O) is working with Cisco Systems Inc (CSCO.O) 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 (GOOGL.O) 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.

Cisco, a networking company that has increasingly moved into cyber security in recent years, highlighted several other joint efforts with Apple. It rolled out a new security app for iPhones meant to protect against so-called phishing attacks - an email with a malicious link sent under the guise of being legitimate.

Cook also said the "fast lane" that Cisco had created in 2015 to speed up Internet connections for iPhones on Cisco routers and switches has been expanded to Mac computers.Long known for its consumer devices, Apple has embraced business users in recent years, adding additional security features to its iPhones and iPads. In 2015, Cook said Apple was generating at least $25 billion a year in revenue selling to businesses.Apple has also undertaken joint efforts with enterprise software firms IBM (IBM.N) and SAP (SAPG.DE) to encourage developers to write business apps for its mobile devices.

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Pulitzer Prize-winning photojournalist Danish Siddiqui killed in Afghanistan: Politicans, journalists pay tributes
India

Pulitzer Prize-winning photojournalist Danish Siddiqui killed in Afghanistan: Politicans, journalists pay tributes

The Pulitzer prize winner, who was in Kandahar covering operations against Taliban, was killed when he was riding along with the Afghan Special Forces

Indian photojournalist Danish Siddiqui killed during assignment in Afghanistan's Kandahar province
India

Indian photojournalist Danish Siddiqui killed during assignment in Afghanistan's Kandahar province

Siddiqui had also covered the 2020 Delhi riots, COVID-19 pandemic, Nepal earthquake in 2015 and the protests in Hong Kong

Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth
India

Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth

Danish's photographs were not just documentation, but the work of someone who went down to eye-level, as they say in photographic parlance.