Cyber Protection with Your Northern Neck Homeowners or Renters Policy
Protected. In a connected world.
Cyber criminals are becoming more aggressive and their attacks more sophisticated. From email scams to cyber bullying, to identity theft and tax fraud, cyber threats are growing in size and complexity.
Examples of real-life cyber threats:
- Ransomware: A mom downloads an app to watch a movie. The app turns out to be malware and half-way through the film, the laptop freezes and a screen appears demanding a ransom be paid in order to restore functionality.
- Cyber bullying: A high school freshman is harassed by other students who post unflattering pictures of her on social media and tweet jokes at her expense. The parents repeatedly try to have the photos and tweets removed, but the student is forced to leave school due to the intimidation and emotional distress resulting from cyber bullying.
- Data leak: An online store you frequent is breached and your personal contact information, birth date, password, and other sensitve information is accessed by an unknown third party, raising the possibility of identity theft.
- Phishing: You recieve an email from what looks like your favorite charity's email address, that asks you to click a link to send a donation. You didn't realize till later that it wasn't the real charity and that it was in fact a fake link; now, you're out $50.
What cyber protection covers:
- Identity Theft Expenses: Expenses incurred because of identity theft, including lost wages, daycare or eldercare costs and travel expenses incurred in seeking resolution and identity restoration.
- Credit Card Fraud, Forgery, Cyber Crime: Financial loss and expenses incurred due to credit fraud, forgery or cyber crime, including the use of stolen personal information to initiate a fraudulent wire transfer.
- Data Recovery and System Restoration: Data recovery expenses and system restoration costs incurred as a result of a cyber attack.
- Cyber Extortion: Ransom monies and associated costs and expenses incurred due to a cyber extortion threat, including ransomware.
- Cyber Bullying: Expenses incurred as a victim of cyber bullying, including the cost to seek counseling, childcare or caregiver expenses, temporary relocation and lost wages.
- Breach Notification Costs: Breach notification and credit monitoring costs incurred when the personal data of others is stolen, lost or exposed while entrusted to the policyholder.
- Cyber Protection Legal Expense Reimbursement: Legal expenses and damages incurred in lawsuits brought against the insured alleging liability for cyber bullying or privacy breaches.