To support corporates deal with an increasingly risky cyber security landscape, Atos and Marsh have joined forces. The partnership between the French and American giants is aimed at providing clients with end-to-end cyber security services, by leveraging, among others, Atos’ Bull technology and Marsh’s risk and insurance consultancy services.
The cyber insecurity of many firms globally has become a boardroom issue at many of them, as threats increase from more sophisticated cyber criminals and increasingly digital and connected operations. To ward off risks from the over 500,000 cyber incidents per day, estimated to create damages of around $400 billion per year, organisations are bolstering their cyber frontiers and spending more on their cyber ecurity insurance plans, one of the fastest growing segments in the insurance industry, at 20% growth annually to 2018.
In a bid to support companies across a full spectrum of cyber risks, including from detecting vulnerabilities to post event crisis management, Atos and Marsh have decided to to tie a strategic alliance. The partnership leverages the combined strengths of the two firms to provide clients with a broad range of services, including Atos’ technology Bull and Marsh’s risk management consultancy expertise.
Through the partnership, an integral and end-to-end approach for securing companies will be provided, boosting performance in both “cyber protection” and “cyber insurance”. Main offerings will support the detection and evaluation of vulnerabilities, the processing of incidents, and their transfer to cyber risk insurance, as well as support with the management of damage and neutralisation of cyber-attacks.
Pierre Barnabé, Chief Operating Officer, Big Data and Security for at Atos, says, "Thanks to this partnership with Marsh, we will be able to provide an optimal response to our clients who are currently in the digital revolution and investing in solutions using the cloud, the Internet of things, or big data. We will help them to manage and control risks, and also protect their business environment 24/7 to effectively fight against cyber attacks. This agreement allows us to strengthen our development strategy for the Cyber Security products offered by the Group.”
Chairman Corporations and Client Consultancy at Marsh Continental Europe, Stanislas Chapron, adds, “This collaboration with Atos is enabling us to fully handle our clients’ risk exposure linked to IT systems, by combining the technical expertise of Atos with the expertise of Marsh: consultancy, management, and transfer of cyber risks."