Aon Launches Cyber Risk Management Solution CyQu in Australia

Sydney, 18 June 2019 –  Aon (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, has launched a dynamic cyber risk management analytical portal, Cyber Quotient Evaluation (CyQu). This latest solution by Aon will empower Australian enterprises to better understand areas of vulnerability, build a framework to strengthen and protect their organisation and focus cybersecurity investments.

CyQu is a software-driven assessment tool designed to rapidly evaluate an enterprise’s cybersecurity profile. It identifies vulnerabilities by helping business leaders to understand how their cyber risk posture measures up across critical control domains such as data, network, physical and application security, and third party and business resilience.

The software benchmarks cyber resilience against industry targets and peers, streamlines and facilitates risk transfer and develops a data-driven cyber risk management strategy. It enables business of all sizes to protect themselves from potential ransomware and other malware-related threats.

The software empowers organisations to take the first step in understanding its cyber risk exposures and begin to strengthen their risk profile. In about 90 minutes or less, CyQu delivers a cyber risk maturity score and a clear path to reviewing and understanding actionable remediation strategies.

Aon Australia’s Chris McLaughlin commented, “The threat of a cyber-attack is one of the most consequential risks facing organisations today. According to Aon’s 2019 Global Risk Management Survey, “cyber-attacks and data breaches” is ranked the fifth highest concern amongst Australian businesses. The CyQu portal is another example of Aon’s strategic investment in the digital space to provide customer centric, insight-led advisory services to manage volatility and maximise performance.

“With CyQu we can provide a detailed, customised report which enables cyber risk consultants to facilitate strategic decision-making and planning. Business leaders can use the information in conjunction with their broker to simplify and support the cyber insurance application process.”

The cyber risk management solution originally launched successfully across the US in 2018, comprised of cyber resilience evaluation services from Aon, enabled by security technologies provided by Cisco and Apple, and options for enhanced cyber insurance coverage from Allianz. It has also been recently made available across Europe, Middle-East and Africa.

For more information about CyQu please visit aon.com.au/cyqu.

About Aon

Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 69,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com/