Cheseaux, Switzerland, August 19th, 2015 – Kudelski Security, the cybersecurity division of the Kudelski Group (SIX: KUD.S), partners with Allianz Global Corporate & Specialty SE (AGCS), Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS selected Kudelski Security as a cybersecurity specialist to provide incident response services to AGCS customers in case of a cyber breach, a service that is part of AGCS´ dedicated insurance solution for cyber and IT risks, “Allianz Cyber Protect”. The partnership covers Germany, Austria and Switzerland and includes the following services:
- Initial incident response customer onboarding (or pre-incident preparation) ;
- cyber incident response and support, from incident evaluation, investigation, containment, to remediation strategy.
Kudelski Security will assist AGCS clients by evaluating their organization's ability to detect and respond to cyberattacks as well as supporting them should an incident arise. If a cyber incident materializes, Kudelski Security will help AGCS clients by assigning a multi-disciplinary Cybersecurity Emergency Response Team to cope with the attack.
Christophe Nicolas, Senior Vice President of Kudelski Security added: “Mastering risks related to online presence and being prepared against cyber threats is the new norm for every business. We are honored to team up with AGCS as one of their cyber incident response partner and support their clients when confronted with cyberattacks.”
Jens Krickhahn, Central and Eastern Europe Practice Leader for Fidelity, Cyber and PI at AGCS, said: “With their experience and extensive know-how of the IT security industry, Kudelski Security provides our customers with professional and fast services in case of a privacy or security breach. This incident response management approach generates added value for both our clients and us as insurer.”
This partnership brings together Kudelski Security’s cybersecurity expertise and Allianz “Cyber Protect” insurance to provide state-of-the-art services to benefit clients of both companies. Since 2013 AGCS is offering large corporate accounts ‘Allianz Cyber Protect’ as a comprehensive suite of three insurance products to address various first and third party liability losses that can arise from a serious cyber-attack or data breach. The maximum sum insured of 100 million euros is currently the highest capacity provided by a sole insurer available on the market.
About Kudelski Security
Kudelski Security, a division of the Kudelski Group, is an innovative independent Swiss provider of tailored cyber security solutions and services to enterprises, financial institutions, government administrations and the media industry. Its team of cyber security professionals boasts extensive expertise in the delivery of end-to-end digital security solutions built upon real-life experiences in advanced threat detection, security assessments, asset and reputation protection, as well as piracy risk mitigation. Kudelski Security’s global reach and multi-disciplinary incident response is reinforced by strategic international partnerships. Kudelski Security is headquartered in Cheseaux-sur-Lausanne, Switzerland. For more information, please visit www.kudelskisecurity.com
About the Kudelski Group
The Kudelski Group is listed on the Swiss Stock Exchange (SIX: KUD.S). It is a world leader in digital security; its technologies are used in a wide range of services and applications requiring access control and rights management to secure the revenues of content owners and service providers for digital television. The Group also offers cyber security solutions and services focused on helping companies assess risks and vulnerabilities and protect their data and systems. The Kudelski Group is also a technology leader in the area of access control and management of people or vehicles at sites and events. The Kudelski Group holds thousands of issued and pending patents worldwide and is headquartered in Cheseaux-sur-Lausanne, Switzerland. For more information, please visit www.nagra.com
About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability Mid-Corporate and Property insurance (incl. International Insurance Programs).
Worldwide, AGCS operates in 29 countries with own units and in more than 160 countries through the Allianz Group network and partners. It employs more than 3,500 people and provides insurance solutions to more than half of the Fortune Global 500 companies, writing a total of €5.4 billion gross premium worldwide annually (2014).
AGCS is rated AA by Standard & Poor’s and A+ by A.M.Best.
In response to this growing cyber criminality threatening corporate enterprises, AGCS has launched Allianz Cyber Protect to enable businesses to protect themselves against cyber criminals, data loss and the potential ramifications. Allianz is offering a comprehensive suite of three insurance products to address various first and third party liability issues that can arise from a serious cyber-attack or data breach.
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