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International

SMEs lack cyber insurance, reluctant to go digital

January 30, 2019 Reprints

A survey by QBE Insurance (Singapore) Pte Ltd. found that 80% of small and medium-sized enterprises in Singapore lack cyber insurance and several SMEs are slow to adopt digitalization, The Business Times reported. The survey also found that one in four SMEs preferred check and cash over digital payment methods due to concerns related to security, vulnerabilities and fraud.

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SMEs lack cyber insurance, reluctant to go digital

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