Cyber insurance offer goes twofold

According to AIG Asia Pacific Insurance, the market of cyber risks is poised to increase by half in Singapore in 2016. For the insurer, the City State is strongly connected to technology, which has promoted the development of automation. Such characteristic is likely to increase computer risks, especially that of cyber-attacks and sabotage for all corporates of the country.

The report published by AIG shows that two thirds of the Singaporean public companies polled, acknowledge the rise of this threat. Only 9% of those companies are actually insured against computer risks.

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