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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.

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