Leading insurance services provider, Britam, has introduced a cybersecurity cover designed to protect corporates from varied forms of cyber threats.
The increased exposure to mutating cyber risks has justified this innovation as Britam seeks to provide a reliable mitigation platform. The insurance company collaborated with Chubb, a globally acclaimed digital insurance provider in a move touted as a game-changer in digitally supported business activities.
Insurance users will access protection from loss of electronic data and all reputational damages activated by cybersecurity attacks. Additionally, Britam is obligated to guard enterprises from data breaches and all malicious activities designed to frustrate computer systems.
Equally, corporates are set to merit from insurance against data losses caused by damage, theft, disruption, or corruption of electronic data.
Lastly, the insurance provides comprehensive cyber risk cover such as property damage arising out of a network security breach, business interruption, and extra expense coverage arising out of system failure.
