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In 2017:

 

a drawing of a cartoon character Potential economic loss in Malaysia due to cyber-security incidents can hit        US$ 12.2 Billion (equivalent to MYR 49.15 Billion)

Out of 1,300 business & IT decision makers:

a drawing of a face not sure if they have one, as they have not performed proper data breach assessment
What are the true cost of cyber-security incidents?
a drawing of a face
  • 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
a drawing of a person 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.


Disclaimer - This content is brought to you by Chubb Insurance Malaysia Berhad (“Chubb”) as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. 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.

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