The Source for Cyber Insurance News, Insights and Data
Cybercrime is a personal financial threat, and a new workplace benefit signals a shift that addresses this reality and its impact beyond the home. Allstate introduced Scam Protection, which functions like personal cyber insurance inside employee benefits packages. The launch reflects the broad reach of digital crime. No one is immune, and distribution channels mirror … Read more
Americans lost more than $12.7 billion to identity theft last year, according to the Federal Trade Commission. Behind that staggering number are real people facing frozen bank accounts, negatively impacted credit, and months or even years of stress. The recovery process can be long, but taking immediate action can dramatically cut back on the time … Read more
Ghost students steal billions. Kids’ data sold on the dark web. Teens turn 18 to find loans they never took. That’s the warning from Michael Scheumack, Chief Innovation Officer at IdentityIQ, in a new episode of the Cyber Insurance News and Information Podcast, hosted by Executive Editor Martin Hinton. The discussion exposes how ghost student … Read more
Why Consumers Underestimate Personal Cyber Insurance and How to Bridge the Gap Insurance agents recognize the pressing threat of cybercrime, but their clients are slow to act. According to the Insurance Information Institute (Triple-I) and HSB’s latest report, Addressing the Personal Cyber Protection Gap, 84% of insurance agents understand the importance of personal cyber insurance. … Read more
A recent CyberArk study found that 30% of employees share workplace passwords, creating an MFA security gap. The study surveyed 14,003 employees across six countries and revealed that 49% reuse passwords across multiple work applications, creating additional vulnerabilities. Findings like these are not new, and they highlight the ongoing risks businesses face. Risks that are … Read more