News & Analysis

Cyber risk insurance product launched by Allianz

- March 31, 2014 2 MIN READ

As technology advances, so too does crime. And the tools used to commit crimes are advancing as rapidly as digital devices are. But one thing hasn’t changed – a criminal’s acumen and dexterity when it comes to the act of the crime. Today, cybercrime and data breaches costs the Australian economy over $1 billion and the global economy around $120 billion annually.