Zurich swoops for cyber counterintelligence firm

Zurich swoops for cyber counterintelligence firm | Insurance Business America

Cyber

Zurich swoops for cyber counterintelligence firm

Deal aims to increase its cyber risk mitigation services

Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, has announced the acquisition of SpearTip, a cyber counterintelligence firm.

The deal aims to enhance Zurich Resilience Solutions’ cyber risk mitigation services and support its customers in navigating an increasingly complex risk landscape.

SpearTip assists clients in protecting 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 when an attack occurs,” said Tom Fioretti, head of North America for Zurich Resilience Solutions. “The acquisition of SpearTip represents a further step towards bringing powerful cybersecurity controls to our US customers, helping 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 consultative support to enhance overall cyber resilience, the company said.

SpearTip, with over 15 years of experience in the field, assists organizations in identifying cyber risks and vulnerabilities, offering services in managed detection and response/security operations center, incident response including digital forensics, and advisory services.

“For more than two years, we have worked closely with SpearTip and have seen firsthand their impressive cyber technical 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 extends the capabilities of the Zurich Resilience Solutions’ Cyber Services Team to bring a full suite offering to our customers.”