You are more connected than ever and criminals know the information accessed by your family is valuable. Criminals steal passwords, data, money and identities. Even worse than financial loss is the threat of cyber bullying and reputational harm. Western Reserve Group has Personal Cyber and Identity Fraud Coverage that helps you by guarding your loved ones from online risks. These include:
- Online Extortion/Ransomware
- Cyber Bullying
- Identity Theft
- System Compromise
- Data Breach
- Reputation Damage
Personal Cyber and Identity Coverage
The coverage from Western Reserve Group includes:
Identity Theft Restoration/Reimbursement: For the named insured individual(s) and family members (including credit monitoring).
Breach Notice Coverage: Provides for costs incurred by an individual to comply with the legal obligations of privacy breach notice laws and to provide the victims with Identity Theft Remediation (including credit monitoring).
Privacy Liability: Covers third party liability from Personally Identifiable Information (PII) that has been lost or stolen.
Security Breach Liability: Covers third party damages resulting from a computer virus or other malware that has been transmitted to a third party from your computer system.
Ransomware Coverage: Covers assistance by a consultant of our choice to attempt to free your computer system, if possible, of ransomware and restore system functionality. If that is not possible we will restore the system to functionality from the latest backup, if one is available.
Wire Transfer Fraud: Covers loss of funds resulting from a fraudulent instruction directing a financial institution to transfer, pay, or deliver funds from your account.
Social Engineering Fraud: Covers loss of funds resulting from you transferring, paying or delivering funds to any business or person under false pretenses.
CyberScout Claims: Leverage the industry’s first third-party administrator focused exclusively on managing cyber and privacy breach claims.
Risk and Impact
- 66% of malware was installed via malicious email attachments.
- 1 in 5 victims of a data breach will experience fraud.
- 15% of legitimate websites contain “critical” problems that can expose you to cyber criminals.
Source: Western Reserve Group