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1. www.channelnewsasia.com › singapore › scam-insuranceWhat is cyber insurance and can it protect scam victims? - CNA

   www.channelnewsasia.com › singapore › scam-insurance

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   Sep 5, 2023 · Etiqa’s cyber insurance covers phishing, where scammers pose as a legitimate person or company in order to obtain sensitive information. The policy covers claims for stolen funds from phishing ...

2. insuranceasia.com › insurance › in-focusSingapore leads in cyber insurance with 96% adoption rate

   insuranceasia.com › insurance › in-focus

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   Jun 27, 2024 · About 76% of businesses reinforced cyber defences to qualify for insurance. Globally, Singapore showed the highest cyber insurance adoption rate at 96% with a standalone policy adoption rate of 68%, a Sophos survey revealed. Other countries in the region included were India and Japan with 96% and 87% adoption rates, respectively.

3. www.thestar.com › business › the-high-cost-of-cyberThe high cost of cyberattacks. Report finds most firms pay up

   www.thestar.com › business › the-high-cost-of-cyber

   Jul 4, 2023 · Indigo lost $42.5 million in its most recent quarter, $19 million more year over year. And while it doesn’t have an exact figure, it said most of the expanded loss was due to the cyber attack ...

4. www.mordorintelligence.com › companiesSingapore Cyber Liability Insurance Companies

   www.mordorintelligence.com › companies

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   This report lists the top Singapore Cyber Liability Insurance companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Singapore Cyber Liability Insurance industry.

5. www.straitstimes.com › business › companies-marketsCyber insurance evolves to cover financial losses due to ...

   www.straitstimes.com › business › companies-markets

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   Jul 15, 2024 · SINGAPORE - There has been growing interest in cyber insurance from Singapore businesses over the past few years as cyber attacks on corporations hit the headlines, according to providers Chubb ...

6. insuranceasia.com › insurance › newsCyber insurance demand rises in APAC's emerging markets

   insuranceasia.com › insurance › news

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   Sep 26, 2024 · The APAC cyber insurance market is growing at nearly 50% annually, accounting for 7% of the global market as of 1 January 2024. Despite this growth, market penetration remains low compared to other regions. In 2022, cyber insurance premiums in the US were valued at 0.0353% of GDP, whereas in APAC, the average was only 0.0025%, about 14 times lower.

7. People also ask

   Is cyber insurance gaining interest in Singapore businesses?

   • ST PHOTO: LIM YAOHUI SINGAPORE - There has been growing interest in cyber insurance from Singapore businesses over the past few years as cyber attacks on corporations hit the headlines, according to providers Chubb and MSIG Insurance Singapore.

   Cyber insurance evolves to cover financial losses due to online attacks

   www.straitstimes.com/business/companies-markets/cyber-insurance-evolves-to-cover-financial-losses-due-to-cyber-attacks-and-breaches

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   Does Etiqa Insurance cover a cyber scam?

   • At least three companies – StarHub, FWD Singapore and Etiqa Insurance Singapore – offer cyber insurance for individuals. But none of these policies would cover the recent malware scam where more than S$120,000 (US$88,000) of CPF savings were lost.

   What is cyber insurance and can it protect scam victims? - CNA

   www.channelnewsasia.com/singapore/scam-insurance-phishing-online-shopping-fraud-3705286

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   Does FWD cover cyber scams in Singapore?

   • FWD said it wants to cover the most common cyber scams in Singapore, so its policy only covers online shopping fraud and fraudulent electronic transfers. For example, if an online purchase was made but the product not delivered, even after multiple attempts to contact the merchant, the policyholder can make a claim.

   What is cyber insurance and can it protect scam victims? - CNA

   www.channelnewsasia.com/singapore/scam-insurance-phishing-online-shopping-fraud-3705286

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   How much does Chubb Insurance Cost in Singapore?

   • The policy has a S$750 limit for claims related to online shopping and unauthorised transactions. Policyholders also have to pay a deductible of S$50 or 10 per cent per claim, whichever is higher. Underwritten by Chubb Insurance Singapore, the policy costs S$10.08 a month for individuals or S$13.11 a month for families.

   What is cyber insurance and can it protect scam victims? - CNA

   www.channelnewsasia.com/singapore/scam-insurance-phishing-online-shopping-fraud-3705286

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8. sbr.com.sg › telecom-internet › commentaryWhat you don't know about cyber insurance in Singapore

   sbr.com.sg › telecom-internet › commentary

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   May 27, 2014 · Most Singaporean companies do not have cyber insurance but almost every company is vulnerable to cyber risk, be it through financial or reputational damage. One issue is corporate decision-makers don’t understand cyber insurance. They believe it’s expensive, they don’t know what insurance policies cover, and perhaps worst of all, they don ...