Singapore firms take up cyber insurance as premiums fall and cover widens
More companies in Singapore are buying cyber insurance as coverage broadens and premiums ease, insurers and brokers say. Demand has grown over the past two to three years, led by technology and financial firms, with manufacturing, logistics, retail and healthcare catching up. One freight forwarder bought a $980-a-year policy giving $300,000 cover after a near-miss phishing scam.