Data privacy penalties’ pain fuels uptake of cyber insurance

Many organisations are opting for cyber insurance due to increasing attacks. 

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On the morning of Sunday, April 23, 2023, Kenya’s largest supermarket chain Naivas informed its customers that it had been the victim of a ransomware attack.

The retailer revealed that the intrusion might have compromised some of their data even as Threat Actor—an online criminal group— threatened to publish the stolen customers’ data in due course.

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