Re/insurance broker Aon has expanded its cyber offering with the acquisition of Cytelligence Inc, a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, and security consulting and training services.
The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber claims are almost doubling year-over-year.
Cytelligence will join the growing portfolio of Aon’s Cyber Solutions, which combines digital risk management services, security services, professional risk solutions, and a global risk consulting practice.
Founded in June 2016, Cytelligence has offices in Toronto, Ottawa, New York, San Francisco and Miami, and employs professionals in cyber security and education, investigations, and forensic analytics.
As apart of the acquisition Cytelligence CEO Daniel Tobok will also join Aon as Canadian President for the firm’s Cyber Solutions business.
“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.”
Tobok also commented: “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.”
“Put simply, everything that is connected to the internet can be compromised,” he added. Proactive companies and their Boards are preparing now with proactive actions with penetration testing, vulnerability assessments, security audits, and training of their employees.”
