The Significance of Cyber Insurance for Small and Medium-Sized Businesses (SMEs)

Gargash Insurance- cyber insurance- insurance brokers- business insurance- SME insurance- UAE 28 Nov, 2023

Discover the importance of cyber insurance for SMEs in protecting businesses from digital threats. Gain valuable insights from Gargash Insurance's Managing Director, Mr. Mustafa Vazayil, in his exclusive interview with Khaleej Times.

Small and medium-sized enterprises (SMEs) are particularly vulnerable to financial losses caused by cyber-attacks.

While larger businesses are more aware of the risks and protected by cyber insurance, SMEs and individuals often underestimate the dangers. Cyber incidents can have long-lasting negative effects on SMEs, emphasizing the need for individuals and businesses to safeguard themselves against cyber theft and attacks.

Cyber insurance coverage helps SMEs absorb shocks and manage risks associated with irregular income. It is crucial for organizations, particularly SMEs, to assess their risks and address them through appropriate insurance coverage.

Delve into this article by our MD, Mr. Mustafa Vazayil, for crucial insights on cyber insurance for SMEs.

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