This archive report was first published on 29 August 2019.
On August 29, 2019, Britam, a listed insurer, introduced a new policy aimed at safeguarding businesses against cyber threats.
The policy covers a range of risks, including physical property damage, products liability, business interruption, and supply chain disruption resulting from cyber-attacks.
According to Benson Wairegi, Britam Group managing director, the product is designed to protect individuals, small and medium-sized enterprises, as well as large corporations from cybercriminals and data loss.
“Cyber security threats will continue to become more advanced not just in the financial sector, but also in many industries across the region,” Mr Wairegi warned.
He emphasized the importance of strengthening core security hygiene, adopting modern platforms, and implementing comprehensive identity, security, and management solutions to protect sensitive customer information.
