Sammy Muthui, chief operating officer at Aon Kenya Insurance Brokers.[Photo/Business daily]Aon Kenya an Insurance broker has launched an insurance policy aimed at protecting businesses from cyber risk.Aon Cyber Enterprise Solution -- is among the first of its kind in Kenya and covers physical property damage, products liability, business interruption or supply chain disruption from cyber-attacks.Sammy Muthui Aon Kenya chief executive officer said the product targeted at individuals, small and medium-sized firms, as well as large corporations, will enable businesses to protect themselves against cybercriminals, data loss and the potential ramifications of a cyber-incident.The policy provides comprehensive cyber risk cover, including cover for property damage arising out of a network security breach, products liability to address new technology exposures, business interruption and extra expense coverage arising out of systems failure.In addition, Mr Muthui said, “Data is an organization’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 that as the value of a business grows, it raises its profile among hackers”.He added that hackers were increasingly targeting sectors that are digital savvy, with the rise of financial technology and internet banking.“The launch of our new cyber risk solution underlines our commitment to provide cover for the wave of new and emerging risks that worry risk managers the most,” said Mr Muthui.

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