MAS official sets sight on expanding cyber insurance

cyber-security

Cyber insurance adoption has "clearly not kept pace" with the proliferation of technology in the region, an executive director at the Monetary Authority of Singapore (MAS) warned today (May 16).

Bernard Wee warned that, despite growing risks, less than 10% of small and medium-sized enterprises (SMEs) have taken out cyber insurance.

"Nevertheless," he said, "cyber insurance is gaining traction". Premiums have grown by an average of 38% a year over the past five years, reaching $2.5 billion in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: