X
skip to main content
Cyber

Cyber attacks may cost Malaysia RM49.15 billion in economic losses

06/2022
server room

In 2017:

  • Cyber attacks have led to job losses in 3 out of 5 organisations in the country
  • Potential economic loss in Malaysia due to cyber-security incidents can hit US$ 12.2 Billion (equivalent to MYR 49.15 Billion)
  • Delay transformation plans within organisations

 

Out of 1,300 business & IT decision makers:
 

  • 17% experienced cyber-security incident
  • 36% not sure if they have one, as they have not performed proper data breach assessment

 

What are the true cost of cyber-security incidents?

  • Large sized organisation can possibly incur an economic loss of US$ 22.8 Million
  • Mid-sized organisation can possibly incur an economic loss of US$ 36,000
  • Damage to customer satisfaction & market reputation

 

Source: Digital News Asia - Cyber-security threats to cost Malaysian organisations US$12.2bil in economic losses

Find out how Chubb's Cyber Insurance covers business assets against the complexity of cyber threats here.

 

This content is brought to you by Chubb Insurance Malaysia Berhad, Registration No. 197001000564 (9827-A) (“Chubb”) as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at www.chubb.com/my, through your broker or by contacting any of the Chubb offices or Chubb agents. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of this content. It is the responsibility of the reader to evaluate the quality and accuracy of material herein.

© 2023 Chubb. Not all coverages available in all jurisdictions. Chubb® and its respective logos, and Chubb. Insured.SM are protected trademarks of Chubb.

Contact us
Contact us

Have a question or need more information?

Contact us to find out how we can help you get covered against potential risks