AIG Invests in K2 Intelligence to Deepen Cyber, Other Risk Mitigation Capabilities
April 15 2015 - 4:30PM
Business Wire
American International Group, Inc. (NYSE:AIG) today announced
that it has acquired a minority stake in K2 Intelligence, an
investigative consultancy. The companies have agreed to co-develop
products and services that support AIG’s efforts to help clients
mitigate and manage their cyber risk, and to explore opportunities
in other key industry segments.
K2 Intelligence was founded in 2009 by Jeremy Kroll, K2
Intelligence’s CEO, and Jules Kroll, considered to be the
originator of the modern corporate investigations industry. Based
in New York, K2 Intelligence has approximately 300 employees with
global operations in London, Madrid, and Tel Aviv. K2 Intelligence
acts as advisor to governments, companies, boards, and
individuals.
The company’s expertise centers on cyber investigations and
defense, anti-money laundering and regulatory compliance, complex
investigations and disputes, data analytics and visualization, and
integrity monitoring and compliance. This offers many potential
solutions for AIG clients as they manage risks associated with
cybersecurity, construction projects, M&A transactions, global
real estate transactions, liability exposures in higher education,
and personal insurance needs.
K2 Intelligence’s cyber investigations and defense capabilities
include intelligence, incident response, defense strategy,
executive training, assessments, and due diligence, all of which
rely on sophisticated web-based and human intelligence gathering
techniques. These services complement AIG’s market leading
CyberEdge risk mitigation and insurance products, which a growing
number of customers, including some of the largest companies in the
world, rely on to help manage the expanding threat of cyber
attacks.
“Supporting our clients against cyber attacks means providing
much more than insurance to transfer the risk,” said John Doyle,
Chief Executive Officer, Commercial Insurance, AIG. “Partnering and
aligning with cyber security experts like K2 Intelligence is a
signal to the marketplace that AIG is committed to delivering the
comprehensive measures and expertise needed to help mitigate and
manage this growing and rapidly evolving threat.”
Jeremy Kroll, President and CEO, K2 Intelligence, said:
“Cybersecurity must transition to a dynamic and proactive defense
that employs investigative tools to collect and analyze information
both from internal and external sources. AIG and K2 Intelligence
share the same goal – to offer clients a holistic solution to help
manage cyber risks that includes a full range of cyber defense,
remediation, and response services. Working with AIG to deliver
sophisticated threat intelligence techniques, we will provide
clients with the information they need to help protect their
enterprise and other stakeholders.”
American International Group, Inc. (AIG) is a leading global
insurance organization serving customers in more than 100 countries
and jurisdictions. AIG companies serve commercial, institutional,
and individual customers through one of the most extensive
worldwide property-casualty networks of any insurer. In addition,
AIG companies are leading providers of life insurance and
retirement services in the United States. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn:
http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
AIGMatt Gallagher (Media): 212-458-3247;
matthew.gallagher2@aig.comJon Diat (Media): 212-770-3505;
jon.diat@aig.comLiz Werner (Investors): 212-770-7074;
elizabeth.werner@aig.com
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