Kenya gets new cybersecurity policy

Aon Kenya, an insurance company has launched an enterprise Cyber Enterprise Solutions with the aim to protect businesses against cybercriminals, data loss and the potential ramifications of a cyber-incident. According to the company, the policy covers products liability to address Internet of Things exposures, offers comprehensive and integrated enterprise-wide coverage against cyber risk.

Aon Kenya Chief Executive Officer Sammy Muthui said the launch is a response to the growing cyber-criminality threatening companies, with hackers increasingly targeting sectors that are digital-savvy, especially with the rise of financial technology and internet banking. Muthi said this is not just limited to financial sectors.

The policy provides comprehensive cyber risk cover, including cover for property damage. It also includes cyber terrorism coverage; privacy and security liability and event expense coverage; and media liability and technology errors and omissions by endorsement.

“Data is an organisation’s most valuable asset but it’s also most vulnerable asset. However, as businesses and companies grow, so do their exposure to cyber risk. This simply means that as the value of a business grows, it raises its profile among hackers,” said Muthui.

“Our simplified policy wording and holistic approach to risk management and incident response means clients and brokers can feel confident about what they are getting,” Muthui said.

Edited by Fundisiwe Maseko
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