Kaspersky Lab in cyber security deal with Allianz Global

kaspersky for securityKaspersky Lab will provide IT forensics and incident response services to Allianz Global Corporate & Specialty (AGCS) cyber insurance customers in Germany, Austria and Switzerland.

In the Allianz Risk Barometer 2017, cyber incidents rank third in business risks for companies worldwide.

Kaspersky Lab survey results found that big corporations have to spend an average of $861,000 to recover from a cyber incident, while the average costs for medium-sized enterprises account for $86,500.

Allianz Cyber Protect Premium, AGCS´s cyber insurance policy for businesses, covers the financial loss incurred by business interruption, data recovery or third-party liability claims, in addition to the costs for forensic IT services.

Kaspersky Lab’s digital forensics will support the troubleshooting of imminent security problems and the limitation of damage as well as the analysis of malware, technical causes and investigation into the entire incident.

Kaspersky Lab may recommend and implement strategies for defense and recovery, as well as measures for future prevention of security incidents in businesses that have been affected.

“With its 20-year experience in threat intelligence, Kaspersky Lab is able to recognize cyber attacks early on and it can react to them based on digital forensics,” says Holger Suhl, general manager DACH with Kaspersky Lab.