Personal Cyber Insurance: the Smart Solution to Countering Cyber Crime
Personal cyber insurance: the smart solution to countering cyber crime
Pioneers in cyber underwriting, Emergence, have today released a whitepaper titled: Personal cyber insurance: the smart solution to countering cyber crime.
The paper highlights 88 percent of the Australian population use the internet and 71 percent use social media[1] providing fertile ground for criminal activity and antisocial behaviour to take place online.
From 1 July 2019 to September 2019 the ACSC’s cyber crime reporting tool, ReportCyber, received almost 14,000 reports. That’s an average of around 148 reports a day, or one cybercrime report every ten minutes.
Over this time, individuals and small to medium businesses self-reported financial losses to ReportCyber of more than $890,000 each day, representing an estimated annual loss of approximately $328 million.[2]
Troy Filipcevic, Founder and CEO of Emergence Insurance said: “Our dependence on the internet, and exponential growth of web-enabled devices and social media has made us much more interconnected, which increases our vulnerability to cybercrime at an alarming rate.
Read the Full Story from Emergence Here https://www.emergenceinsurance.com.au/personal-cyber-insurance-the-smart-solution-to-countering-cyber-crime/
Need Insurance Help?
If you need some help to understand your insurance policy and what you’re covered for, then book our complementary insurance policy review.
Our experienced and qualified team located in the Burdekin will ensure that you’re only paying for what you need and then tailor the policy cost to suit your budget.
Give us a Call!
Call our Ayr office today on 07 4783 1310 and get the best value for money insurance policy.
Northern Insurance Solutions
Locals Covering Locals