Insurance Giant Allianz partners with Incoming Thought

Incoming Thought Ltd has been selected to join the Allianz cyber response team.

In response to growing cyber criminality threatening both corporate and small to medium enterprises (SME), Allianz Global Corporate & Specialty (AGCS) recently launched Allianz Cyber Protect to enable businesses to protect themselves against cyber criminals, data loss and the potential ramifications.

Key elements of Allianz Cyber Protect include:
• A comprehensive policy offering cover up to a limit of €50m and covering a broad range of cyber exposures
• Three levels of business interruption cover that can be tailored to the client's needs
• Immediate access to a crisis response team, including a partnership with Incoming Thought Ltd
By being part of the crisis response team Incoming Thought is able to offer timely, specialised advice for when an Allianz Cyber Protect customer has been subject to a data breach or cyber attack. Incoming Though has a range of services to deal with cyber attacks, including an investigation and triage methodology developed over years of dealing with such incidents. This enables an organisation to receive a proportionate and realistic response to a cyber attack.

“Every incident we deal with is different. They can range from the loss of a laptop through to complex international cyber espionage cases, and you never know what you will be presented with when a client gets in touch. Many cases require a more complex response than just digital forensics” said Nigel Stanley, CEO of Incoming Thought. He added, “Cyber insurance is an attractive option for helping to manage organisational risk, and we see more and more clients opt to insure against these loses.”

Nigel Pearson (Global Head of Fidelity), who is responsible for cyber at AGCS said, “When a client suffers a loss as a result of a cyber attack or a loss of data, the Allianz Cyber Protect policy will provide substantial limits up to €50m. Most importantly Allianz clients have access to expertise at Incoming Thought to help them manage a cyber incident.” He added, ”We value the partnership with Incoming Thought on our crisis response team”