29 Aug 2016
On Tuesday, 16 August, Sasfin Commercial Solutions launched a new insurance product – Cyber Insurance. This service offers cover for potential loss arising from theft or corruption of data caused by an online breach or system failure.
The insurance product is underwritten by various insurance companies to ensure the best cover for a particular client’s needs and provide cover for liabilities that normal insurance policies do not cover.
“A Sasfin Short-term Insurance policy provides clients access to a team of legal experts and cover against security failure, system failure and breach of personal information”, says Sasfin Head Short-term Insurance, Tony Lenhoff.
Once an incident occurs, the insurer will assist with incident management including first response up to 72 hours, legal and IT services, data restoration, reputational protection, notification costs and credit and IT monitoring.
“This product allows Sasfin to combat risks and safeguard their clients’ well-earned assets in a technologically-advanced way”, says Lenhoff.
Issued on: 29 August, 2016
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Sasfin Holdings Limited (“Sasfin” or “the Group” or “the Company”) is a bank-controlling company listed in the “Financials: Investment Services” sector of the JSE Limited (“the JSE”). Sasfin and its subsidiaries provide a wide range of complementary banking, financial and related services.