Security breaches driving up interest in cyber-risk insurance
Interest in cyber-risk insurance is growing along with the number of cyber security breaches, according to the chairman of General Insurance Association of Malaysia, Antony Lee Fook Weng, who added that the premiums were not expensive. CyberSecurity Malaysia’s CEO, Dr Amirudin Abdul Wahab, suggested there were basic steps companies could take, including having IT infrastructure professionally audited, to minimise hacking risks.
PETALING JAYA: The number of “cyber intrusions” is on the rise, and to protect themselves, companies and businesses are now moving towards insuring their money and data against cyber-criminals.

CyberSecuriy Malaysia’s chief executive officer Dr Amirudin Abdul Wahab said the number of “intrusions” had been steadily increasing from 1,714 cases last year to 1,705 as of July this year.