More Canadians are falling victim to cybercrime than ever before. Here are four ways that personal cyber insurance can limit the impact of an attack on you and your family.
Did you know?
- A Statistics Canada report on online habits of Canadians in the first 6 months of the pandemic revealed that 42% experienced a form of cyber security incident and 34% of them were victims of phishing attacks.
- According to the 2021 Norton Cyber Safety Insights Report, nearly 330 million people in 10 countries were victims of cybercrime.
4 Most Common Types of Cyber Attacks
- Malware
- Cyber extortion
- Online fraud (ID theft)
- Phishing scams
Personal cyber insurance covers expenses and financial losses resulting from cyber attacks, which can include:
- Cyber attack/Hacker damage
Costs to repair, replace or restore home or personal devices or systems - Cyberbullying
Financial consequences of personal online attacks (i.e. lost salary up to the policy limits in the event that cyberbullying leads to the wrongful loss of a job) - Cyber extortion
Ransom paid to online criminals threatening the release of sensitive personal data or preventing individuals’ access to their devices (may also cover investigation costs for determining the cause and preventing similar incidents in the future) - Online fraud
Financial loss from fraud including identity theft, stolen bank funds, fraudulent use of credit cards or online scams (traditional standalone ID theft policies or endorsements may not cover this wide breadth of risks)
Buy Personal Cyber Insurance Online
Acera Insurance is proud to partner with BOXX Insurance to offer Cyberboxx Home Edition to our clients in British Columbia, Yukon and Ontario. Starting at just $99/yr, Cyberboxx Home Edition is designed to insure you from the crippling consequences of a cyber attack.
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Acera Insurance is a proud member of the Canadian Broker Network (CBN), an alliance of Canada’s leading independent insurance brokerages representing over 50 offices, 1,500 professionals and over $1 billion in premiums. Learn more at canadianbrokernetwork.com.