Dhipaya Insurance has joined hands with US-based technology firm Cisco Systems to offer a cyber-insurance policy designed to cover financial losses related to cyber-attacks.
Dubbed “TIP cyber guard plus powered by Cisco”, the product targets small and medium-sized enterprises (SMEs) with annual revenues of US$30 million or about 900 million baht.
This is the first time cybersecurity insurance is being offered to SMEs in Thailand. TIP has offered cyber-insurance to large firms for three years, said Somporn Suebthawilkul, TIP’s managing director.
“Cybersecurity incidents have intensified and attacks have spread from large companies to enterprises of all sizes, even small ones,” he said.
According to ThaiCERT, 1,474…
