There has been a sharp increase in the number of policyholders – mainly companies – taking out cyber insurance, which compensates losses caused by cyber attacks. The number of victims whose personal information was stolen last year from companies and other entities rose by more than 10 million from the previous year. The estimated compensation paid by the affected companies also increased to nearly 300 billion yen (S$3.74 billion).
ORIGINAL SOURCE: Strait Times
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from Japan sees surge in demand for cyber insurance as attacks increase