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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 |
|---|---|---|
| RIBL | 29.65 | 2,130,721 |
| ALDREES | 141.40 | 522,113 |
| EIC.ADX | 7.95 | 0 |
| GULFUNIONALAHLIA | 17.40 | 234,780 |
| ALBABTAIN | 44.20 | 361,872 |
| MUTAKAMELA | 19.42 | 2,022,103 |
| MIDAN | 757.00 | 0 |
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 189.00 | -1.00 (-0.53 |
| TAWUNIYA | 156.80 | 1.00 (0.64 |
| ALRAJHITAKAFUL | 175.20 | 1.40 (0.80 |
| QATI | 2.16 | -0.01 (-0.37 |
| RASAN | 92.40 | 0.90 (0.98 |
06/02/2025
Saudi utility giant ACWA Power has signed two agreements with Aramco to accelerate the deployment of renewable energy projects and evaluate the performance of vanadium flow batteries in the Kingdom's
Arab News
05/02/2025
Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of Muhide fintech platform, to digitally empower and fi
Saudi Gazette
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
Financial Information Co.
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