The Future of Cyber Claims

Property Casualty 360
Mike Taylor

A recent Intel Security study showed that 97% of people presented with a series of emails were unable to differentiate safe ones from their harmful counterparts.

And as new threats emerge — from cybercrime and cryptocurrencies to autonomous driving and other developing technologies — the future of claims is also changing. The tools insurers implement to help manage risk and reduce the impact of the resulting claims must change as well. Those tools include:

• Register for services that not only monitor for identity theft, but also help you recover from it.
• Employ cyber threat monitoring solutions for your home network to investigate suspicious activity, patterns and behavior and notify you when action is necessary.
• Take advantage of cybercrime insurance coverage. A number of insurers, including PURE, are creating products to help you manage risk and reduce the impact of the resulting claims. PURE Starling^TM Fraud and Cyber Fraud Coverage offers up to $1 million of coverage for losses related to fraud and cybercrime and also provides access to resources to help you recover if you become a victim.

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