Cyber risks insurance policy

November 14, 2023

Many organizations nowadays rely on technology to manufacture goods and deliver services to their clients. Technology is efficient and cost effective, hence the high rate of adoption by businesses across the globe. However, it also has a downside which could – if not well managed – lead to losses and third-party liabilities.

Technological advancements such as network interconnectivity, cloud computing, bringing your own devices (BYOD) polices, and social media among others have exacerbated cyber risks.