Surge in cyber-attacks presents new opportunities for insurers

The Kenyan economy lost more Sh29.5 billion last year from cyber-attacks, a global report by Serianu shows. The fast-growing digital economy has emboldened innovative cybercriminals to make daily attacks.

And with numerous risks, local insurers now want part of the pie - dangling cyber-risk cover as part of a solution to hundreds of Kenyan businesses seeking to fortify their systems.