Two in five Singapore firms plan cyber insurance within 12 months as AI raises cyber risk
Two in five Singapore organisations plan to buy cyber insurance within 12 months, Asian Business Review reported. The use of AI creates new cyber risks, which increases the importance of insurance.
Who is affected and how
- insurer
- Demand for cyber policies is rising, which also puts the pricing of AI-related risks in focus.
- chief financial officer
- Because of the risks that come with adopting AI, cyber insurance cover should also be planned for in the budget.
Sources
- Two in five Singapore firms plan cyber insurance within 12 months - Asian Business Reviewasianbusinessreview.com · Aug 30, 2026 · magyar
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