Apple, Cisco push for cyber insurance discounts: Report

Apple is working with Cisco Systems to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Reuters reported on June 26.

Apple CEO Tim Cook reportedly said that 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’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 at a Cisco event in Las Vegas. "This is something we're going to spend some energy on. You should reap that benefit."

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.

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