Data breaches and cyber attacks are becoming common news with internet playing a key role in how organisation conduct business today. A data breach can cause loss of reputation, business interruption, liability claims and incur data restoration cost.
Payment gateway provider iPay88 says ‘cybersecurity incident’ may have compromised users’ card data
Companies on guard after falling victim to online attacks – Malaysia
Online treats continue to spike, average 31 cases of cybersecurity incidents – Malaysia
4,615 cybersecurity incidents reported in Malaysia from Jan – May 2021
AXA confirms ransomware attacked impacted operation in Asia including Malaysia 17/5/2021
Warning against ransomware attacks
Malaysia hit by WannaCry ransomware
Here in Malaysia, cyber crimes caused RM179.3 million loss in 2015
Singapore’s worst cyber attack
UiTM students’ data allegedly stolen 2019
Astro: Only IPTV customers’ data sold 2018
Singapore law firm hit by cyber-attack, April 2024
MIDF confirms cyber security incident, April 2024
Cyber Insurance is designed to protect businesses from risks relating to information technology infrastructure and activities.
Cyber Insurance Coverage:
- Data breach liability
- Data breach costs
- Crisis management costs
- Business Interruption Loss
- Legal expenses
- Regulatory Fines & Penalties
- Cyber Extortion Media Prima hit by ransomware attack — sources 2018