Aon acquires Canadian cyber security firm Cytelligence

Aon acquires Canadian cyber security firm Cytelligence | Insurance Business

Aon acquires Canadian cyber security firm Cytelligence

Global insurance brokerage and professional services firm Aon has today announced the acquisition of Cytelligence Inc, a Canadian-based cyber security firm with technical expertise in incident response and digital forensics services.

The deal is set to strengthen Aon’s cyber security client value proposition at a time when cyber claims are almost doubling year-over-year. Not only will the Cytelligence acquisition shore up Aon’s cyber incident response and digital forensics services, but the brokerage giant will also gain access to top security consulting services and cyber security training for employees to help clients strengthen their security position.

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“As the number of network intrusions, data breaches, ransomware attacks, and similar threats continues to increase in both frequency and severity, expertise in cyber incident response becomes critical to organizations and insurance companies,” said J Hogg, CEO of Aon’s Cyber Solutions. “The Cytelligence team are deep experts in cyber incident response, ransomware mitigation, and cyber security training for employees, which will help cement our position in both North America and globally as an industry leader.”

Cytelligence, which was founded in June 2016 and has offices in Toronto, Ottawa, New York, San Francisco and Miami, will now join Aon’s Cyber Solutions, a unit that combines digital risk management services, security services, professional risk solutions, and a global risk consulting practice. The firm’s current CEO Daniel Tobok will join Aon as the Canadian president of Aon’s Cyber Solutions.

“Together, we will deliver complete proactive solutions from risk assessment, cyber risk policy underwriting to secure insurance coverage to protect critical assets, to cyber breach response, effective and efficient cyber incident remediation, meticulous data collection and data preservation,” Tobok  said. “Put simply, everything that is connected to the internet can be compromised. Proactive companies and their boards are preparing now with proactive actions with penetration testing, vulnerability assessments, security audits, and training of their employees.”