Growing demand for cyber crime insurance

Growing demand for cyber crime insurance

(Shutterstock) Johannesburg – Taking out an insurance policy to protect a business from cyber breaches is an increasing trend in South Africa, according to an expert. In the aftermath of a cyber breach, a business can be left hanging with costs such as restoring data, conducting forensic auditing, setting up external call centres, dealing with the loss of business income, employing a public relations consultancy as well as any notification expenses.

 

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