KUALA LUMPUR, 10 APRIL 2023 - Tune Protect Malaysia (“Tune Protect”), the Malaysian General Insurance subsidiary of Tune Protect Group Berhad (“Group”) and the digital lifestyle insurer in Malaysia has launched its first personal cyber-crime insurance for individuals - Tune CyberSecure. With the solution, Tune Protect aims to protect customers from cyber threats and ensure a safer cyber ecosystem with the necessary 24/7 technical support.
The frequency of recent data breaches has greatly increased the risk of cyber-attacks on individuals, especially in this digital world where people tend to store their personal information online. In the Incidents Report published by Cybersecurity Malaysia, more than 4,700 online fraud cases were reported in 2022. As cyber-attacks continue to rise, Tune Protect is taking a step forward by launching its first personal cyber offering to address the challenges and provide customers with the necessary protection.
With premiums as low as RM145 per year, Tune CyberSecure protects customers against cyber risks including electronic fund transfer fraud, online retail fraud and identity theft, with coverage up to RM10,000. It covers the entire family and the electronic devices connected to the internet at the registered address.
“Cyber insurance has previously been seen as something only relevant to businesses, but this is no longer the case due to the rapidly increasing number of cybercrimes against individuals. In line with our digital and mobile-first strategy, we are thrilled to introduce Tune CyberSecure as one of our initiatives to make cybersecurity accessible to everyone,” said Jubin Mehta (“Jubin”), Chief Executive Officer of Tune Protect Malaysia.
Designed with an end-to-end digital accessibility, Tune CyberSecure aims to provide a seamless and hassle-free customer experience as everything could be done online. Customers will be able to secure the policy online with coverage confirmation within 7 minutes, and obtain clarifications or direct their queries anytime, anywhere through the 24/7 incident response call centre at its toll-free line 1800 819 783.
Moreover, with the 24/7 support of an army of cyber experts and the household's cybersecurity monitoring tool to identify vulnerabilities or any data breaches, Tune CyberSecure is committed to creating a secure cyberspace for customers and their family members.
Tune Protect partners with Senang, a home grown Insurtech as its corporate agent to distribute the product via their digital platform.
For more information and to purchase Tune CyberSecure, please visit www.mycyber.my.
