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ALLIANZ LAUNCHES FREE CYBER RISK ASSESSMENT TOOL

Press release   •   Jun 07, 2016 15:19 BST

Allianz Insurance plc has partnered with leading global cyber security consultancy, IT Governance Ltd, to offer its commercial customers a free online cyber risk assessment.

The Allianz Cyber Risk Assessment tool is designed tohelp businesses protect themselves against a potential cyber-attack. It provides policyholders with an online questionnaire based on the Government’s ‘Cyber Essentials’ assessment.

Cyber Essentials sets out the minimum standards of network security that all organisations should adopt, with the Government now offering SME's grants of up to £5,000 towards implementation costs.UK organisations can apply for certification under the Cyber Essentials scheme – now mandatory for certain Government contracts and, increasingly, a requirement for successful tenders in the private sector.

Allianz’s commercial policyholders can complete a free cyber assessment through the online risk management website Risk Director. They will receive a tailored cyber security improvement report and they can apply for official Government Cyber Essentials certification directly with IT Governance via the tool.

Mona Said, customer propositions manager, Allianz Insurance, said “According to the Department of Business, Innovation and Skills, by ensuring network security meets the Cyber Essentials standard, around 80% of cyber-attacks can be prevented. Organisations of all sizes continue to suffer external attacks.In the last year, two thirds of cyber-attacks were carried out by unauthorised outsiders and the average cost of these incidents has doubled, resulting in costs between £75K and £311K for SMEs.”

Further information about the Allianz Cyber Risk Assessment is available here: https://www.allianz.co.uk/business-insurance/business-tools/cyber-risk-assessment.html

ENDS

Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide.

Around 85 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.

In 2015, over 142,000 employees in more than 70 countries achieved total revenues of approximately 125.2bn euros.

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