Although big corporate cyber hacking makes news every day, what will happen to hackers at home?
Since personal life and residences are more connected to the Internet, consumers are at greater risk of personal cybercrime. As the risk increases, so consumers need protection – though they do not know it.
Increase the exposure to personal cyber crime
According to a new report by the Insurance Information Institute (Triple-I) and Heartford Steam Boiler (HSB) and Heartford Steam Boiler, a Municipal Re Company, three out of four users have lost their personal information or stolen their personal information, and 28 % of users have hacked a social media account.
The new report states that the average payment of home cyber claims is more than $ 10,000.
Although consumers’ concerns were limited to financial accounts and identity theft, wherever there is an Internet -connected device, there are opportunities to hack the doorbells, thermostas and security cameras, there are opportunities to hack. If a device is connected to the web, it may be infected with malware and collect information to use bad actors. The risks have become a hot topic, especially since the “Deep Fake” is at the height of technology and productive artificial intelligence.
In this report, “Just as digital lifestyle is developed and more integrated, so do risks,” “” Personal cyber risks are increasing at a rapid rate, and personal cyber insurance is a way to prevent these growing risks. “
The difference of cyber coverage
Cyber Insurance is one of the fastest growing property/crash sections. The spread of personal cyber risks and the potential intensity has forced insurance companies to clarify policy coverage and costs, improve the understanding of products price, and improve costs and rates. While 84 % of the survey agents and brokers said they understand the value of personal cyber insurance, only 43 % believe their clients are involved in a similar understanding.
The majority of agents ( % 77 %) say they have offered personal lines cyber insurance to the clients at least once in the last amount, but 56 % of agents have said that clients do not understand or see the value of cyber insurance. Most agents (71 %) said that the cost and expansion of coverage is the most important standard of clients to buy personal cyber insurance.
Although most agents understand the value of personal cyber coverage, only 73 % said they feel relieved to explain the clients and are comfortable to sell only 68 % coverage.
In the report, the Chief Insurance Officer of Triple-I Dale Porfelio said, “Disconnect between consumer feedback about agent/broker and personal cyber risk- the role of insurance insurance insurance is demanding action by professionals.”
The new report states that it will depend on agents and brokers to break the new land and fight users about potential risks and available concerns.
The report states that “agents – or better, expectations – needs to be prepared to predict questions and concerns about expectations, costs, deductions, or other policy features that can eliminate products considered products.” “Agents should be able to explain the coverage of a policy, as well as detail any deductions or expenses that may apply.
“In other words, well -educated agents can help consumers more aware of the importance of cyber scams and personal cyber insurance in protecting their assets. This will help them suffer and help to ensure that they are safe if they do.”
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