APA joins race for cyber insurance market as digital risks mount

 Apollo Investments Limited Group CEO Ashok Shah during speaks a past event at Sankara Hotel, Nairobi on July 3, 2024.

Photo credit: File | Nation Media Group

APA Insurance has launched a cyber-insurance product targeting Kenyan businesses as firms confront a sharp rise in hacking, ransomware, and digital fraud incidents linked to the country’s growing use of online services.

The insurer said its new APA Cyber Insurance cover is designed to protect both large corporates and small and medium-sized enterprises from cyber extortion, malware attacks, data breaches, and operational disruptions caused by denial-of-service attacks.

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