Allianz launches free cyber risk assessment tool

Posted on: 06 June 2016

Commercial News icon

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 to help businesses protect themselves against a potential cyber-attack. It provides policyholders with an online qustionnaire 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 SMEs 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.”

find out more about the Allianz Cyber Risk Assessment