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Cyber insurance evolves to cover financial losses due to online attacks and breaches
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Cyber insurance has been growing in importance as companies seek to manage their financial risks from cyber attacks.
ST PHOTO: LIM YAOHUI
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SINGAPORE - There has been growing interest in cyber insurance from Singapore businesses over the past few years as cyber attacks on corporations hit the headlines, according to providers Chubb and MSIG Insurance Singapore.
Mr Jeremy Lian, senior vice-president of technical services at MSIG, said: “The uptake has been encouraging and we are seeing more small and medium-sized enterprises open to having cyber insurance as an add-on to their core business coverage.”
