Cyber risk in the home – now there is an insurance product to give you some piece of mind

October 17, 2020

We are all very aware of the cyber risks associated with running a small business or those of a large corporate company.  But have you ever thought about the risks you have before you in your own home?

Technology is a huge part of our lives – 86-88% of all householders now have the internet. Families have become very vulnerable as we rely on the online world for nearly everything.

We are home schooling, working from home, shopping from home and accessing a multitude of social media sites. We are watching TV via the internet and we even running our household appliances this way. We google what we want for dinner and wait for it to be delivered. We have devices such as PC’s, laptops, Ipads, tablets, mobile phones, smart tv’s and gaming consoles to name a few.

No matter how much we try to protect ourselves, there is so much opportunity for the vile cyber criminals to hack our personal lives and livelihoods.

There has been insurance products available for Cyber risks in the commercial market space for many years but none for the individual or household. We now have access to a Personal Protection Cyber Insurance policy that can cover individuals and families who use their home IT and internet connected smart devices for personal reasons. Cover extends to family members residing with you at the home address.

The cover can protect you for things such as –

  • Restoring your computer data after a cyber attack
  • Removing a virus from your device
  • Professional help in reinstating your identity and credit rating after identity theft
  • Reinstating funds to your bank account after financial theft from an online scam

The policy can cost as little as $180.00 a year and can give you peace of mind that you have someone to call should a cyber incident occur.

Imagine turning on your computer to find a message asking for a ransom before you can access your data. A Personal Cyber policy can provide help, advice and technical knowledge to apply in these instances.

If you interested in finding out more please contact our office or request a quotation.

Some examples here of cyber risks and how a Personal Protection Cyber Policy would respond