Personal Cyber Insurance
Staying connected with loved ones, getting easy access to information and services; and using the Internet has become an integral part of our daily life. However, here’s a gentle reminder: you are vulnerable to cyber risks.
Being online exposes you to cyber threats such as data breach, privacy invasion, and cyber-attacks that imply potential asset losses.
How Does Personal Cyber Insurance Work?
Broadly speaking, a personal cyber insurance policy will provide financial reimbursement for the costs associated with the theft of digital information and assets up to your policy’s limits. But there are a variety of ways cyberattacks can result in a monetary loss, ranging from the theft of bank account funds to payments made after extortion through an anonymous online threat. No two personal cyber insurance policies are exactly alike, but most will generally cover expenses fitting under three categorizations: personal and home protection, extortion and financial loss from fraud.
Who is covered under Personal Cyber Insurance?
You, your spouse and children residing with you at the address shown in the policy document are all covered under this policy.
What does Personal Cyber Insurance NOT cover?
- Insured’s trade, business or professional activities
- Love Scams
- Dishonest acts of the Insured
- Physically lost or stolen credit cards
- Ordinary wear and tear, drop in performance and deterioration of the computer system.
Which devices are covered under Personal Cyber Insurance
All your home desk top computers, home routers, laptops, notebooks, tablets and mobile phones used mainly for personal purposes and belonging to you, your spouse or children residing with you.
What does Personal Cyber Insurance cover?
Cyber Fraud
Did you know that stolen online banking details obtained in a phishing scam can be used to transfer money out of the victim’s bank account? Compromised passwords can also be used to make unauthorised online transactions, without needing a physical credit card.
Be protected against financial loss that derives from the theft of funds from your personal banking account or your personal digital wallet with an online merchant, including fraudulent online purchases and/or email scams.
Deceptive e-mails and websites can gather your personal data to conduct illegal online activities, but you’d be protected.
If your stolen card details are used to make unauthorised online transactions, you shall be compensated
Email and instant messaging scams, or other cyber impersonation can lead to asset loss, but we’ve got your back.
Cyber Extortion
Imagine you are surfing online, and unknowingly visited a compromised website that installed ransomware, and disabled access and control of your computer. In order to restore your desktop to working condition, you have to pay the ransom demand. This is a classic case of cyber extortion.
Cyber extortion involves threats to data compromise or computer access. If you were forced to make payment due to a cyber extortion threat, you will be compensated for the extortion payment.
Restoration Costs
Malware attacks and hacking by a third party are common cyber acts that can compromise your digital assets, and disrupt daily life. If a virus infection resulted in corruption of personal documents, technical services would be required to locate and remove the virus, and restore the data. You shall be reimbursed for such restoration costs in the event of a cyber security breach.
Identity Theft
Do not underestimate the power of your personal data. For example, a fraudster can use your personal information to obtain loans under your name and you may not be aware until you are contacted by the debt collection agency. The misuse of personal information can harm reputation and affect aspects of life such as your job, freedom and credit status. In the event of an identity theft, you shall be covered for expenses incurred to re-establish your reputation. tim’s bank account? Compromised passwords can also be used to make unauthorised online transactions, without needing a physical credit card.
Examples of costs incurred to restore your identity:
To correct official public records and consumer credit reports
An affirmed statement before a public notary may be required to restore your identity.
Lost wages due to time taken off work
Why choose Us !?
Experienced
All of our staffs have up to 15 years of experience in the industry, offering competitive quotes and professional advices that best fit your personal and business needs.
Reliable
We have built good relationship with reputable and reliable insurers to provide you with the best quotation for you and your business needs.
Unique
Other than offering insurance products, we also provide services in re-financing and financing your newly purchased personal and commercial vehicle.
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