Pitches 'shared fate' scheme as an upgrade to current convention of cloud sec being your problem
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Google and insurance colossi Allianz and Munich Re have teamed on a special insurance policy tailored to the G-Cloud.
Named the “Risk Protection Program”, this is not a sign that Google’s cloud needs extra insurance. Instead, the ads and search giant thinks it's found a way to improve your security by sharing information about your practices with the giant insurers.
Given that cyber-risk insurance covers losses incurred after a breach or other incident, insurers have every reason to want more information so they can understand exactly what they’re getting into. Hence this new product will see Google share details of its platforms with the two insurers, and d require users to deploy a diagnostic tool called “Risk Manager”.