RealNews

Cybersecurity Consortium Gets Insurer's Backing

AIG endorses security sensors developed by public/private partnership that sidesteps DHS. One of the nation’s largest insurers is throwing its weight behind a public/private partnership that claims it has a better answer to the challenge of sharing security-related information than the U.S. Department of Homeland Security does. Though details haven’t been agreed upon, American International Group Inc. will offer discounted insurance rates to customers that deploy security sensors being developed by the Cyber Incident Detection & Data Analysis Center. Philadelphia-based CIDDAC is a volunteer partnership of more than a dozen IT vendors, user companies and the FBI’s InfraGard program. Robert A. Parisi Jr., senior vice president and chief underwriting officer at AIG eBusiness Risk Solutions, said New York-based AIG would view the deployment of CIDDAC sensors “very positively” from an underwriting standpoint. Full Story

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