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Insurance broker, Minet Ltd, has launched an awareness campaign about cyber risk insurance amid the growing threat of cyber attacks arising from the advent of technology.
The campaign was launched Wednesday at the Sheraton Kampala Hotel under the theme “Cyber Risk Awareness and Management”.
During the event, Maurice Amogola, the Minet Uganda, Chief Executive Officer, noted that everyone was vulnerable to cyber-attacks so long as they used computers and phones, especially smartphones.
“Cyber risk has become a leading issue for many organizations due to the exponential internet growth and spread of ICT infrastructure. Hacked devices, crashed websites, breached networks, denial of service, copied emails, stolen credit card data among other fraud-like ICT incidents have become commonplace,” said Amogola.
He said that Uganda loses over USD $42 million to cybercrime annually, quoting the Uganda Cyber Security Report 2017. This, however, represents a fraction of Uganda’s cyber crime, since other cases go unreported, he said.
“No organization is assured of total security from cyber risk. In an active legal and regulatory…
