In the current digital era, your most precious possessions could be kept online rather being put in a safe. An rising number of people and organisations are realising the unsettling fact that the majority of standard insurance policies do not protect against cyberattacks, as cybercrime continues to rise throughout the United Arab Emirates.
No longer a niche issue, cybercrime is a serious, growing financial danger, whether it takes the form of ransomware assaults, compromised bank accounts, stolen personal data, or a deepfake scam that drains your cash. Ransomware assaults increased by 32% last year, according to the UAE Cybersecurity Council, which also reports that the nation saw a notable increase in cyberthreats.
Phishing, Distributed Denial of Service (DDoS), and fraud are among the other types of assaults that have increased by up to 18%. Given the increasing time and money UAE citizens spend online, it might be time to consider purchasing cyber insurance. A once-specialised policy is quickly evolving into a crucial component of financial planning.
GIG Gulf, a prominent insurance provider in the Middle East and North Africa (Mena) area, recently introduced the first house insurance plan in the United Arab Emirates to include cyber-fraud coverage as standard. In the event of a digital breach, “Cyber Comfort” offers immediate access to a specialised cyber resolution team that is on call around the clock to assist victims in their recovery. It also protects every member of the household.
Also Read:
On Friday, Gold Prices Reached a Nearly Two-Month High
Amid Regional Tensions, the Indian Embassy in Israel Issues a Safety Alert
