The app aims to provide better information on cyber risks
AIG has launched the CyberEdge mobile phone app for iPads to provide better information on how to deal with cyber risk.
The application was launched following a survey about the perception of cyber risk, which found more senior executives are concerned about cyber threats than other major business risks.
The CyberEdge mobile phone app features the latest cyber news, country-wide information on data breaches, a breach cost calculator, an events calendar and a glossary of common cyber terms.
AIG vice president, regional professional liabilities Asia Pacific, Ian Pollard said that AIG’s CyberEdge policy, which was launched last year, has already benefited clients.
He added: “The financial cost of cyber attacks can be enormous and includes lost productivity, legal intervention, lost intellectual property, and reputational damage, coupled with the loss of customer confidence.
“The app was developed in response to the demand for information about cyber risk and how to respond to it.”
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