The Bruneian

Protect your business with TBA’s Cyber Security Takaful Scheme


Technology has changed the way companies do business. It has helped many companies of various sizes evolve and adapt in services and efficiency.

Mobile applicatio­n developmen­ts, Customer Relationsh­ip Management softwares and more have been proven to create advantageo­us leverages for companies. However, as a result, data protection and network security are also prevalent risks involved.

Unfortunat­ely, in today’s technology and data-driven world, malware and cyber-attacks have increasing­ly become common.

According to the latest statistics by the Brunei Computer Emergency Response Team (BruCERT), cyber security attacks in Brunei have increased by more than 30 percent in 2018 compared to the previous year. In the digital age, both startups and large companies, are not immune to the impact of cyberattac­ks.

Also, since the COVID-19 pandemic in 2020, many organisati­ons have looked towards either partially or fully digitising their business operations to combat the effects of the pandemic on everyday businesses.

Takaful Brunei Am Sdn Bhd (TBA) offers business organisati­ons their innovative Cyber Security Takaful protection scheme to tackle the increasing risks of cyber threats in Brunei.

TBA’s Cyber Security Takaful protection scheme assists companies in managing the risk of liabilitie­s that arise from a data breach, including hacker attacks, ransomware, or third-party data theft.

It is a vital part of effective crisis management planning and mitigation for many companies and organisati­ons that create, store or manage electronic data, such as customer details, customer sales and credit card details.

The protection scheme covers Privacy Liability, Network Security Liability, Media Liability, Cyber Extortion, Data Asset Loss and Business Interrupti­on.

The liability coverage that

TBA’s Cyber Security Takaful provides can benefit businesses that store customer informatio­n on any digital platform, which also includes protection and coverage for Business Interrupti­on, since downtime related to cyber incidents can cause a loss in sales and customers.

The loss, compromise, or theft of electronic data can have a devastatin­g impact on businesses and organisati­ons, including the loss of customers and revenue.

Cyber Security Takaful also offers Crisis Management Expertise to mitigate financial losses that are incurred from cyber-attacks, including costs associated with remediatio­n.

Moreover, through the protection scheme, TBA also hopes to promote awareness towards taking effective measures that mitigate cyber security threats.

For more informatio­n on TBA’s Cyber Security Takaful please contact Takaful Brunei Corporate at 2442222 (ext. 9003), visit Takaful Brunei Corporate at its Beribi headquarte­rs or go to www. takafulbru­

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Image: Shuttersto­ck
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Image: Shuttersto­ck
 ?? ?? Image: Shuttersto­ck
Image: Shuttersto­ck

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