Deal aims to increase its cyber risk mitigation services
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, announced the acquisition of SpearTip, a cyber counterintelligence firm.
The deal aims to develop Zurich Resilience Solutions’ cyber risk mitigation services and support its customers in navigating an increasingly complex risk landscape.
SpearTip helps clients protect themselves against cyber threats. With this acquisition, Zurich Resilience Solutions, a global division of Zurich’s Commercial Insurance Business, aims to provide comprehensive cyber risk management support to meet the growing needs of its customers.
“Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond in the event of an attack,” said Tom Fioretti, head of North America for Zurich Resilience Solutions. “The acquisition of SpearTip represents a further step toward bringing strong cybersecurity controls to our US customers, helping to strengthen their business operations.”
Zurich Resilience Solutions boasts an in-house team of cyber risk management specialists who conduct objective assessments of businesses’ cybersecurity posture and unique threat environment. They provide consulting support to improve overall cyber resilience, the company said.
SpearTip, with more than 15 years of experience in the field, helps organizations identify cyber risks and vulnerabilities, offering management services that focus on analysis and response/operational security, response of the incident including digital forensics, and advisory services.
“For more than two years, we have worked closely with SpearTip and seen firsthand their impressive technical cyber capabilities,” said David Shluger, vice president of cyber risk services for Zurich Resilience Solutions. . “The combination of their technical capabilities with Zurich’s service excellence expands the capabilities of Zurich Resilience Solutions’ Cyber Services Team to bring a full suite of offerings to our customers.”
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