Update: Singapore’s Cyber Security Agency has clarified that the source of the data on cyber crimes was the Singapore Police Force.
Etiqa, a Malaysia-origin digital insurer, launched its new affordable protection product called Personal Cyber Insurance today in Singapore, which offers protection from cyber threats. It was a timely response to the growing concerns about the risk of interconnectivity as Singapore continues its efforts for digitalisation.
The online protection offers coverage of up to US$25,000 in four addressed cyber threats which are cyber fraud, cyber extortion, restoration costs, and identity theft. Since its soft launch, Etiqa claimed that the product has received a positive response.
The cyber protection plan was initially