Data-dependent companies such as banks and outsourcing firms must rethink their cybersecurity systems and processes given rising threats, multinational insurer American International Group Inc. (AIG) said.
“Industries and companies that are highly reliant on server network connections and handle sensitive customer data on a daily basis should consider taking out a cyber insurance policy,” said Mark Lwin, AIG Philippines Insurance and AIG Shared Services president and CEO, in a statement on Tuesday.
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