WHAT IS CYBER CRIME ?
Cyber crime is defined as any criminal activity involving a computer or network. It is the unauthorised access to, interference with, fraud and forgery of data.
South Africa has not been immune to the risk of cyber crime: it is estimated that in 2014, cyber crime cost South African companies around R 5.8 billion.
On average it takes 200 days for a South African organisation to identify an online security breach. Likewise, individuals have also been impacted: eighty four per cent of South African adults have been victims of cyber crime.
Data breaches are now a fact of life together with taxes and death, but how can businesses better manage the risks related to a data breach and reduce the significant cost that can result from them ?
Genlib’s Cyber product includes the following covers :-
- Privacy Liability
- Network Security Liability
- Media Liability
- Incident Response Costs
- Regulatory Fines
- Business Interruption / Increased Cost of Working
- Data Restoration
- Cyber Extortion
Our Cyber product is aimed at companies with a Turnover of less than R 250 000 000, and our proposal form is simple and quick to complete. It also includes pricing information.
Insured through The Hollard Insurance Company Ltd.