Apple, Cisco Insurance Venture Could Cue Competitors
By Christopher Crosby (June 27, 2017, 10:08 PM EDT) -- Apple and Cisco Systems are pushing for companies using their products to receive a discount on cybersecurity insurance, a collaboration into a burgeoning market that analysts say could spell a new wave in business partnerships.
As the market for protection from attacks, hacks and leaks — valued at $120 billion in 2017 by analyst Cybersecurity Ventures — grows over the next several years, security analysts and lawyers looking to protect clients from the fallout of a breach say the market is ripe for tech companies to take advantage of cybersecurity insurance.
Insurers have long offered cyber protection, and data security insurance...
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