AGCS partners with BAE Systems on cyber risk solution

BAE Systems’ cyber division has teamed up with Allianz Global Corporate and Speciality (AGCS) to help its customers better defend and protect against the threats they face from cyber breach. The partnership sees BAE Systems join Allianz’s Incident Response panel, set up to help businesses minimise data loss and reputational damage from a cyber attack.

The new relationship sees Allianz customers offered access to the BAE’s GCHQ-accredited incident response experts, allowing them to identify and tackle potential shortfalls, and address breaches.

Global head of fidelity at Allianz Global Corporate & Specialty, Nigel Pearson, said the new generation of cyber risks are complex, moving from corporate data breaches and privacy concerns to threats including intellectual property theft, cyber extortion and the impact of business interruption following a cyber attack or from operational or technical failure – a risk he says is often underestimated.

“With our new partner BAE Systems, our cyber insurance policyholders will benefit from unique access to a panel of forensic IT experts who will work with them to manage a cyber incident,” Pearson said.

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