Protect your SME in Singapore from cyber threats with affordable cyber insurance. Factors like company size, industry, coverage level, and data security measures influence the cost. Shop around, bundle policies, implement strong security measures, and work with a specialist to find the right coverage. Visit [https://cybercover.sg](https://cybercover.sg) for more info.
Cyber risk insurance is crucial for SMEs in Singapore due to the rising threat of ransomware attacks. The Counter-Ransomware Task Force Report provides recommendations for cyber insurers to tailor coverage for SMEs and critical infrastructure. Insurers should engage with the government on policies, and take advantage of the Cybersecurity Health Plan to promote cybersecurity awareness. However, the debate on prohibiting coverage for ransom payments should be carefully considered to avoid negative consequences.
Learn how SMEs in Singapore can file cyber insurance claims. Follow these steps: assess the damage, contact your insurance intermediary, document the incident, gather supporting documentation, complete claim forms, submit the claim, and follow up. Simplify the process with Surer’s platform.