(PRESS RELEASE) LONDON, 10-Feb-2020 — /EuropaWire/ — Global professional services company Accenture (NYSE: ACN) has just announced AXA XL clients will now be using its Cyber Incident Response Service in order to respond and recover from cyberattacks.
Accenture Security’s global network of cybersecurity expertise and technology solutions will now be made available to AXA XL clients to help them resolve cyber incidents.
Originally announced on 25 September 2019, the partnership will see Accenture providing post-breach security services for the clients of AXA XL outside the U.S., including incident management and information technology (IT) forensics. According to the partnership agreement AXA XL clients in the U.S. will have the option to choose Accenture to deliver post-breach services, among a group of other providers.
The Accenture Cyber Incident Response Service will be rolled out in AXA XL’s International markets.
In general, in the event of a cyber incident claim, the Accenture Cyber Incident Response Service is helping affected companies through each stage from the initial reporting of the attack to the Accenture Cyber Incident Response team to containing the breach and restoring the business. Furthermore, access to legal support, IT forensics and crisis communications advice as well as other relevant value add services are also provided by Accenture.
James Tuplin, head of Cyber and TMT, International at AXA XL on helping businesses improve their cybersecurity:
“Cyber threats are increasing and becoming more sophisticated, which is why we are committed to helping businesses improve their cybersecurity as part our leading cyber insurance service. Through our partnership with Accenture, our clients can access global cybersecurity expertise and technology support in an end-to-end solution to combat cybercrime.”
Commenting on helping AXA XL’s clients, Justin Harvey, global incident response lead at Accenture Security, said:
“Insurers have a huge challenge in underwriting risks associated with the complicated and potentially devastating consequences of cyberattacks. We aim to ensure that AXA XL’s clients have access to rapid, industry-relevant cybersecurity support so they can get back to business quickly.”
According to a recent research by Accenture, businesses remain underinsured for cyberattacks in overall, with total premiums today accounting for less than 1% of the estimated US$600 billion annual cost of cybercrime. According to an estimate done by Accenture dealing with implications of cyberattacks will likely cost organizations US$5.2 trillion globally over the next five years in additional costs and lost revenue.
Further information on AXA XL and Accenture’s Cyber Incident Response Service can be found over here.
Natalie de Freitas
+44 7380 799 196