Allianz partners with cyber company to improve threat detection

Insurance Business America | April 09, 2019

Allianz is cooperating with a developer of breach protection solutions to address cybersecurity threats and improve its resilience. The insurer is working with Cynet to better protect itself against cyberattacks. As part of the partnership, Allianz will adopt Cynet’s cybersecurity platform, a threat and breach protection platform that combines response and post-compromise measures for a more comprehensive cybersecurity experience. As a global insurer that constantly handles and closely guards information, Allianz was ranked top in class by the Dow Jones Sustainability Index for information security. However, widespread and diverse corporations like Allianz still have many entry points that could invite attack. Cyberattacks are increasing, both in frequency and sophistication. Worse, once skilled cyber attackers manage to breach a system, it can be tough to detect them and even tougher to fight them, since they can change their tactics on the fly. If corporations like Allianz hope to match their cyber attackers, they are going to need defense systems that are just as efficient.

Spotlight

The insurance industry is operating in an age of radical disruption. Traditional insurers are no longer safe, with insurtechs challenging incumbents to rethink their business and operating models. The diversification of product offerings and ever-growing price competitiveness mean that customer expectations are changing faster than ever before.

Spotlight

The insurance industry is operating in an age of radical disruption. Traditional insurers are no longer safe, with insurtechs challenging incumbents to rethink their business and operating models. The diversification of product offerings and ever-growing price competitiveness mean that customer expectations are changing faster than ever before.

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