Takaful Insurance of Africa Ltd (TIA), an insurance company offering ethical and innovative products recently unveiled My Cyber Care insurance cover to monitor and protect personal digital assets in real-time.
Takaful, which provides a wide range of risk management and financial security service based on the principles of togetherness, cooperation and mutual solidarity, says My Cyber Care cover will provide users with protection for their digital assets especially as business move towards digital transformation in Kenya.
Founded in 2008, Takaful Insurance Africa operates on ethical and moral foundations and does not cater for activities involving exploitative interest, gambling and excessive uncertainty.
The Sharia-compliant insurance provider says the new digital data protection product will protect Kenyans digital assets against loss or related losses to hackers. The cover is for both individuals and companies whether financial, telcos or retail businesses.
While Kenya’s Data Protection Act protects Kenyans data from unauthorized access and use, criminals break into systems to steal or use the data for their own personal gains. The biggest example has been accessing of digital banking apps where criminals use the data to steal from unsuspecting victims.
My Cyber Care Takaful cover works simply. Using a technology platform, it monitors and protects personal digital assets and devices in real-time. The system monitors one’s digital footprints and alerts users of any fraudulent access or usage of their digital IDs, credit cards, emails, devices, and mobile numbers. In case of unauthorized access, one is advised on what action to take in order to protect themselves and their assets online.
Takaful Insurance says it aims to help its customers to stay safe online and engage in the global digital economy without fear of risks or losses.