Travelers Collaborate with Symantec To Protect its Customers Against Cyber Attacks

Travelers takes the initiative to provide its customers with the tools to asses themselves in regards of cyber-attack readiness

United States: The Travelers Companies, Inc., is a leading provider of property casualty insurance for auto, home and business. The Company is making prebreach cyber security services available to their customers through the globally recognized cyber security firm Symantec Corp. In addition, Symantec will provide a cyber resilience readiness assessment, cyber security awareness training videos and a security coach helpline to the customers of Travelers.

“As technology continues to evolve and adversaries become more sophisticated, it’s important for businesses to understand the broad scope of potential trouble spots in their IT infrastructure and how they can mitigate or reduce these risks,” San Francisco-based Pascal Millaire, vice president of cyber insurance for Symantec, said in the statement.

“Collaborating with Symantec will provide our customers with the knowledge, planning and solutions that can help them better understand the latest threats and the best ways to protect against them,” said Tim Francis, Enterprise Cyber Lead, Travelers. “Cyber risks are a top concern for businesses of all sizes, and by working with Symantec’s team, we can help alleviate those concerns by making new risk management services available that go beyond the insurance policy.”.

TechSci Research depicts that the partnership would help in spreading awareness on number of cyber-attacks across various end use industries as the cyber security is very dynamic in nature, the adversary is deploying new strategies of cyber-attacks. Thereby, forcing the businesses industries and consumers to increase the level of cyber-security to defend and prevent against cyber-attacks. The growth in the IoT industry led to immense digitalization of all applications coupled with the growth in technology in every sector would fuel the demand for cybersecurity market during the forecast period,

According to TechSci Research “Global Cyber Security Market Forecast & Opportunities, 2020”, global cyber security market is projected to surpass USD123 billion by 2020. Growing inclination towards cloud storage, introduction of public clouds and growing emphasis on digitization are propelling the need for cyber security across the globe. North America and Europe have been the leading revenue contributors, capturing major shares in the market in 2014. Moreover, Asia-Pacific is rapidly emerging as a potential market for cyber security solution providers, driven by emerging economies such as China, India and South-East Asian countries, wherein, rising cyber espionage by foreign countries is inducing the need for safeguarding cyber space