Apple and Cisco have partnered with insurers Aon and Allianz to offer cyber insurance policies for organizations that meet best security practices. The “enhanced” policies may feature lower or no deductibles as an incentive. The policies may cover data breach response, a potentially expensive undertaking that can involve forensic investigators, public outreach, managing inquiries from regulators and lawsuits. Cyber insurance has been around since the late 1990s, but only recently became a billion-dollar product for insurers. The European Union’s General Data Protection Regulation will be enforced starting May 25.”]
Source: https://www.cuinfosecurity.com/apple-cisco-strike-partnerships-for-cyber-insurance-a-10632