|It is estimated that an almost instant detection of a cybersecurity breach within a large enterprise costs the business US$433,000 (equivalent to RM1.8 million). The costs triple to an average US$1.204 million if detection is delayed by more than a week.|
|At least 84% of Malaysian respondents have suffered a breach in 2017 with 36% expected similar attacks to take place within 2019.|
|According to Cisco 2018 Asia Pacific Capabilities Benchmark Study, 51% of companies in Malaysia receive more than 5,000 alerts each day, buy they do not address more than 50% of the legitimate cyber threat alerts that they received.|
Source: The Edge Malaysia - Cyber threat alerts not addressed
Businesses have become more reliant on technology to operate but it is still people and our desire to trade that creates the exposures. Yesterday's risks now manifest themselves very differently in today's digitally connected world.
Check out the tips on how you could minimise your cyber risk exposures 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.
© 2022 Chubb. Not all coverages available in all jurisdictions. Chubb® and its respective logos, and Chubb. Insured.SM are protected trademarks of Chubb.