By Rakesh Goyal, Director, Probus Insurance Broker Limited
Cyber-attacks are not unknown phenomena especially with the growing technology in India and the global markets. Despite, some precaution we have seen few cyber-attacks in the country in the past 10 days. One being a Pune bank based losing around 90 crores in a digital fraud, while in another fraud engineering company was attacked by cyber criminals and made fraudulent transfers of around 20 lakhs.
Once again, all these cyber-attacks bring cyber insurance to the core. How it is important for each and every company small or big to have a proper cyber cover-so those losses can be prevented. Not only companies but with rising cyber frauds even individuals should also look at having a cyber insurance cover.