The unanimously approved guidance details the ways in which publicly traded companies ought to be transparent with investors and other stakeholders when it comes to cyber risk.

The two tech giants will be partnering with Allianz SE and Aon Plc to give companies a full suite of options to organizations better manage and protect themselves from cyber risk.

Insurance companies are worried more than ever about cybersecurity, which is rated one of the top three risks the global industry faces for the first time in a recent survey.