Cupertino is increasingly relying on businesses to be its revenue generating engine. The company has tied up with IBM SAP to encourage developers to write business apps for its ecosystem.
On Monday, Tim Cook, Apple Chief Executive disclosed that the company is working with Cisco Systems Inc to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums.
Cook revealed the info while sharing a stage with Chuck Robbins, Cisco’s CEO, at a Cisco event in Las Vegas.
“The thinking we share here is that if your enterprise or company is using Cisco and Apple, the combination of these should make that (cyber-security) insurance cost significantly less,” said Cook. “This is something we’re going to spend some energy on. You should reap that benefit.”
Although Cisco chose to keep its cards close to its chest, in a blog post Cisco stated both companies were “collaborating with insurance industry heavyweights … to offer more robust policies to our customers.”
The computer security device maker said, it will create systems that allow for continuous security monitoring so as to allow insurers to double-check that the systems are setup as intended.
In recent years, Cisco, a networking company, has increasingly steeped itself into cyber security. It has recently launched a new app for iOS that purportedly protect end-users against phishing attacks.
As per Cook, the “fast lane” that Cisco had created in 2015 to speed up Internet connections for iPhones on Cisco routers and switches has now been expanded to Mac computers as well.