Apple and Cisco Team Up For Cyber Security Discount


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 CEO Tim Cook gave a surprise guest appearance at a Cisco event in Las Vegas on Monday where he announced a partnership between the two companies to offer discounted cyber-security insurance.

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.”

The news comes one week after Cisco CEO Chuck Robbins announced what he called “the next era” for the company by the release of its a new AI-powered network.

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.”

The company also said it will create systems that allow for continuous security monitoring and for insurers to ensure that the systems are set up as planned.

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

While Apple has been long known for its consumer devices, the tech giant 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 and SAP to encourage developers to write business apps for its mobile devices.

Want to become an investor/trader in the stock market? Fill yourself in on marketing news by subscribing to Trade12. We encourage traders to know more about the latest information about forex, stock markets, commodities, and economies.

Can’t handle your funds properly? Exo Capital Markets will help you manage your funds. Exo Capital Markets strives to become the leading financial services firm by offering its clients with the most modern solutions in the industry.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s