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07/02/2012 14:37 AST
Wethaq Takaful Insurance Company advised, on Tuesday, to ensure personal and business banking accounts against data loss due to increasing attacks of internet piracy.
Manager of the Reinsurance Department Al-Sadiq Al-Tawali told KUNA internet piracy is on the rise, recently, therefore it is very importance for clients to ensure the safety of personal accounts from any data loss.
The insurance industry has played a vital role in compensating and reviving companies and individuals from any loss of properties and finances, he added.
Therefore, banks should impose simple insurance fees on their clients as a precautionary measure from any attempt of penetrating banks' security systems.
He also urged investment companies and funds to be insured against piracy attacks as well.
Al-Tawali explained that what drew companies and individuals away from adopting insurance systems, is due to their reliance on the efficiency of their own internet protection programs.
However, he emphasized that since the internet is becoming an integrated part of our lives, not only on a personal level but also on a much wider international scope, therefore taking up such precautionary measures is a necessity as well.
KUNA
14/02/2015
Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report.
The funds
Trade Arabia
16/12/2010
Standard and Poor's Ratings Services said today it has revised the outlook on takaful player Wethaq Takaful Insurance Co. (Wethaq) to stable from negative. At the same time, we have affirmed the 'BB'
AME Info
28/05/2009
Standard and Poor's Ratings Services said today that it placed its 'BBB-' counterparty credit and insurer financial strength ratings on Kuwait-based Wethaq Takaful Insurance Co KSC (Closed) on Credit
Arab Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 167.60 | 0.60 (0.35 |
| TAWUNIYA | 136.60 | -1.00 (-0.73 |
| ALRAJHITAKAFUL | 134.40 | 2.40 (1.81 |
| RASAN | 83.80 | 0.00 (0.00 |
| QATI | 1.89 | 0.02 (1.06 |
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Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia