Indian insurer to launch product for protection against cyber attacks
Posted On: Aug. 21, 2017 4:00 AM CSTPushan Mahapatra, chief executive of India-based SBI General Insurance Co. Ltd., said that the insurer plans to launch a product that would provide protection from cyber attacks to corporate firms such as banks and credit card companies, Business Standard reported. Around 12 billion digital transactions take place in the country every year and the share of fraudulent transactions is between 0.005% and 0.007%.