NEWS RELEASE TRANSMITTED BY Marketwired
FOR: CGI Group Inc.
TSX SYMBOL: GIB.A
NYSE SYMBOL: GIB
SEPTEMBER 3, 2014
CGI and Aon partner to provide cyber insurance risk assessment services for
HELSINKI, FINLAND--(Marketwired - Sept. 3, 2014) - CGI (NYSE:GIB)(TSX:GIB.A)
today announced that it is joining forces with insurance expert Aon to provide
cyber insurance risk assessment services across Finland.
Cyber insurance enables organizations to insure their valuable intellectual
capital and helps to protect themselves better against business and
reputational risks. The insured asset is typically a mission-critical control
system that, if crippled, may result in significant business damage. Cyber
insurance also covers loss or damage in the case of industrial espionage, which
happens when an outsider gains unauthorized access to confidential business
plans or research results.
"Cyber insurance is becoming increasingly common in Finland because
today's digital world involves new types of threats that are not covered
by traditional insurance," said Jukka Jaakkola, a cyber insurance
specialist at Aon. "In today's business environment, there are
significant risks that threaten companies' information systems and the
operations that depend on them. These can be protected by taking out a separate
cyber insurance policy."
Cyber insurance prices and deductibles are partly determined on the basis of a
risk assessment. In partnering with Aon, CGI will first perform a technical
cyber security analysis for each client, which Aon will use to evaluate the
client's business risks for insurance planning and tendering purposes. On
the basis of this analysis, the client may decide to reduce its risks-and thus
its insurance premiums-before the insurance tendering process by bridging its
security gaps or improving control.
"Investing in security usually pays itself back in reduced insurance
costs," noted Jan Mickos, director of cybersecurity for CGI in Finland.
"From the insurance company's viewpoint, a client company can reduce
its risks by, for example, using a cybersecurity operations center that
leverages the latest in technology and science to monitor the online security
of multiple companies, improving their response readiness to exceptional
situations. We have both commercial and government clients around the world,
using this kind of service. We look forward to helping companies in Finland
gain the same business advantages."
Founded in 1976, CGI Group Inc. is the fifth largest independent information
technology and business process services firm in the world. Approximately
68,000 professionals serve thousands of global clients from offices and
delivery centers across the Americas, Europe and Asia Pacific, leveraging a
comprehensive portfolio of services including high-end business and IT
consulting, systems integration, application development and maintenance,
infrastructure management as well as a wide range of proprietary solutions.
With annual revenue in excess of C$10 billion and an order backlog of
approximately C$19 billion, CGI shares are listed on the TSX (GIB.A) and the
NYSE (GIB). Website: www.cgi.com.
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance
and reinsurance brokerage, and human resources solutions and outsourcing
services. Through its more than 66,000 colleagues worldwide, Aon unites to
empower results for clients in over 120 countries via innovative and effective
risk and people solutions and through industry-leading global resources and
technical expertise. Aon has been named repeatedly as the world's best
broker, best insurance intermediary, best reinsurance intermediary, best
captives manager, and best employee benefits consulting firm by multiple
industry sources. Visit www.aon.com or aon.fi for more information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investors and media
Senior Vice-President, Global Communications
and Investor Relations, CGI
Manager, Marketing and Communications, CGI
+358 50 380 5601
Director, Cyber Security, CGI
+358 40 8478740
Chief Commercial Officer, Aon
+358 201 266 277
INDUSTRY: Aerospace and Defense - Electronics and Communications, Computers
and Software - Networking, Government - Security (law enforcement, homeland
-0- Sep/03/2014 11:29 GMT
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