While the uptake of cyber insurance products in the South African market has been slow, the majority of businesses do require some form of cyber cover. The question is, does a stand-alone cyber insurance product provide businesses with the cover that they require?
Does your business have the have a higher risk of exposure to cyber threats? Businesses that facilitate online payments, hold financial or health information and rely upon cloud-based systems are at a higher risk.
All businesses should regularly assess their risk and vulnerability to a cyber incident, as cyber threats are developing, changing and evolving at a rapid pace. Our partner, CIB, recently wrote an article which is featured in the latest FAnews magazine where they discussed some of these questions.
You can download the magazine here and read the full article below.
Learn more about CIB’s Cyber Insurance product here.