Product
Protection against data breaches, ransomware, and cyber liability. PDPA-compliant coverage for Singapore businesses.
Cyber insurance protects your business against the financial fallout from cyber incidents — data breaches, ransomware attacks, system outages, social engineering fraud, and regulatory penalties. It covers both the direct costs you incur (investigation, recovery, notification) and the liability you face from affected third parties and regulators.
In Singapore, the combination of increasing cyber threats and tightening data protection regulation under the PDPA makes cyber insurance a practical necessity for businesses of all sizes. The Personal Data Protection Commission (PDPC) can fine organisations up to $1 million for data breaches, and that's before you factor in legal costs, customer notification expenses, forensic investigation, and reputational damage.
The reality is that cyber risk doesn't discriminate by company size. In fact, SMEs are disproportionately targeted because attackers know smaller businesses often lack dedicated security teams. Cyber insurance is the financial safety net that lets you recover quickly when — not if — an incident occurs.
Coverage
Key areas of protection included under a typical Cyber Insurance policy.
Forensic investigation, customer notification costs, credit monitoring, and PR crisis management
Ransom payments, negotiation costs, and system restoration expenses following a ransomware attack
Lost revenue and extra expenses when a cyber incident takes your systems offline
Coverage for fines imposed by the PDPC under Singapore's PDPA, and defence costs for regulatory investigations
Legal defence and settlement costs if clients or partners sue you over a data breach or cyber incident
Costs of restoring, recreating, or recovering data that was corrupted, deleted, or encrypted
Losses from fraudulent fund transfers induced by phishing, impersonation, or business email compromise
Who Needs This
E-commerce and retail businesses. If you accept online payments, store customer data, or operate a digital shopfront, you're a target. Payment card breaches, account takeovers, and customer data theft can trigger PDPA investigations, PCI-DSS fines, and customer lawsuits — all covered by cyber insurance.
Technology companies and startups. SaaS platforms, app developers, and IT service providers handle client data and operate critical systems. A breach or outage doesn't just affect you — it affects every customer who depends on your platform. Cyber insurance covers your liability to those customers.
Professional services firms. Accountants, law firms, consultancies, and financial advisors hold confidential client data. A breach of that data can trigger regulatory action, client lawsuits, and severe reputational harm. Many clients now require proof of cyber coverage before engaging a service provider.
Any business that uses email and digital systems. Business email compromise (BEC) and social engineering fraud don't require sophisticated hacking — they exploit human behaviour. If your team uses email to approve payments or transfer funds, you're exposed. Cyber insurance covers fraudulent transfers caused by these attacks.
Why TRS
Policy comparison that matters. Cyber policies vary enormously in what they actually cover. We compare wordings across insurers to ensure your policy includes the coverage that matters — ransomware, social engineering, business interruption, regulatory fines — without hidden sub-limits that gut your protection.
PDPA-aligned coverage. We ensure your policy is structured to respond to Singapore's data protection framework, including PDPC investigation costs, mandatory breach notification expenses, and insurable fines.
Incident response support. The best cyber policies include access to incident response teams, forensic investigators, and legal specialists. We help you select policies that give you a head start when an incident occurs — not just a cheque after the fact.
FAQ
Free, no-obligation quotes from multiple insurers. Most quotes delivered within 24 hours.