Takaful Brunei Am (TBA) adds a new cyber security insurance policy to its portfolio

TBA has launched a new cyber security Takaful protection policy targeted at both start-ups and large organisations with the aim of supporting them in mitigating cyber security threats.

The policy particularly focuses on data protection and manages the liability risk that could arise through data breaches, ransomware, or third-party data theft.

The policy covers privacy liability, network security liability, media liability, cyber extortion, data asset losses as well as business interruption (where downtime caused by cyber incidents could result in loss of sales and customers).

The Brunei Computer Emergency Response Team (BruCERT), Brunei’s cyber security intelligence agency, reported a 39% increase in cyber-attacks in 2018. TBA hopes to increase awarene...