Our Services
Cyber Security Insurance
Secure Your Business with Comprehensive Cyber Security Insurance
Understanding Cyber Security Insurance
In today’s hyperconnected world, the risk of cyber attacks has never been greater. From data breaches to ransomware attacks, even a single incident can disrupt operations, damage your reputation, and result in substantial financial loss
Our Cyber Security Insurance solutions are designed to protect Malaysian businesses of all sizes, ensuring rapid response, financial recovery, and peace of mind.
Safeguard your digital assets, comply with regulatory requirements, and maintain customer trust — all with a plan tailored to your unique business needs.
BUSINESSES WE CAN COVER
Industries that will benefit from Cyber Security Insurance include all commercial entities and financial institutions.
Cyber Security Insurance
Addresses the liability of companies arising from data protection laws, the management of personal data and the consequences of losing corporate information.
WHAT IS COVERED?
- Personal Data Liability – Breach of personal information/data protection laws
- Corporate Data Liability – Breach of corporate information
- Outsourcing Liability – Breach of personal or corporate information by an external vendor where the company remains legally liable
- Data Security Liability
- Defence Costs
Why Cyber Security Insurance Is Essential for Malaysian Businesses
Cyber threats are growing rapidly in both frequency and complexity, and Malaysian businesses — especially small and medium-sized enterprises (SMEs) — are increasingly being targeted.
The financial consequences of a single breach can be devastating, ranging from legal penalties under Malaysia’s Personal Data Protection Act (PDPA) to long-term damage to your company’s brand and customer trust.
With cyber security insurance, you gain access to a proactive safety net that helps you respond swiftly, recover efficiently, and resume operations with minimal disruption. More importantly, it positions your business as one that values data integrity and responsible governance — a competitive edge in today’s digital economy.
Who Should Get Cyber Security Insurance?
Cyber security insurance is not just for large corporations — in fact, small and medium-sized businesses (SMEs) are often more vulnerable due to limited internal IT resources and lower awareness of cyber risks. Any business that handles sensitive data, relies on digital systems, or processes online transactions should seriously consider cyber protection.
Industries that benefit from cyber security insurance include:
E-commerce and Online Retailers
Handling customer payment data and personal information makes you a prime target.
Professional Services Firms
Lawyers, accountants, and consultants manage confidential client data, increasing their exposure.
Healthcare Providers
Medical records are highly sensitive and legally protected under strict privacy laws.
Financial Services and Fintech Companies
Digital transactions and financial data require robust protection.
Technology and Software Businesses
Your digital infrastructure is both your asset and your risk point.
Frequently Asked Questions (FAQ) About Cyber Security Insurance in Malaysia
Cyber security insurance, also called cyber liability insurance, is a policy that helps protect your business against financial losses from cyber threats such as data breaches, ransomware attacks, phishing scams, and other cybercrimes.
With cyberattacks on the rise, especially targeting SMEs, having insurance helps cover costs like legal fees, regulatory fines, data recovery, and crisis management. It also provides peace of mind so you can focus on running your business.
Coverage may include:
- Data breach investigation and response
- Legal defence costs
- Customer notification and credit monitoring
- Loss of income due to business interruption
- Cyber extortion and ransomware payments
- Public relations and reputation management
It is not legally required in Malaysia, but it is increasingly recommended for businesses that store sensitive data, operate online, or rely heavily on IT systems.
The cost depends on factors like your business size, industry, data sensitivity, and the level of coverage you choose. Minaris can provide a tailored quote based on your risk profile.
Typically, no. Most general liability policies exclude cyber-related risks, which is why a dedicated cyber security insurance policy is necessary.
Immediately notify your insurer, engage your IT security team, and follow your incident response plan. If you’re a Minaris client, we’ll guide you through the claims process and connect you with experts to minimise damage.
Yes. Many policies provide resources and financial support for meeting Malaysia’s Personal Data Protection Act (PDPA) requirements and other relevant regulations.
Work with a trusted advisor like Minaris, who will assess your risks, explain your coverage options, and ensure you have adequate protection without paying for unnecessary extras.
Why Choose Minaris?
Specialized Expertise
Backed by deep industry knowledge and experience.
Tailored Protection
Customized insurance plans based on your business needs.
Rapid Claims Support
Quick, efficient assistance when you need it most.
Local and Global Standards
Compliance with Malaysian regulations and international best practices.
