Cyber insurance now critical for most businesses

Between July 2022 and September 2022, there was a 199.5 per cent increase in cyber breach attempts. [iStockphoto]

As Kenyan businesses steadily adopt e-commerce platforms to woo customers, the need to safeguard corporate and clients data has become critical.

This is especially considering a growing need for privacy of confidential data such as registration details, health records, payment details, visitors' logs and employee records. The risk of losing such data to cyber criminals is increasingly becoming a business continuity and reputational risk that can no longer be ignored.