Skip to main content

The Future of Cyber Claims

Claims Mgmt Cybercrime

Mike Taylor for Property Casualty 360

May 1, 2018

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 StarlingTM 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.

To read more, click here.