The new Family Cyber Protection Solution can provide insurance protection with available reinsurance for carriers to manage cyber risk accumulation.
Lisle, IL, May 21, 2020 (GLOBE NEWSWIRE) — AAIS (the American Association of Insurance Services) and Berkley Re Solutions, a Berkley Company (BRS), announce the creation of a proactive Family Cyber Protection Solution that can help protect consumers as cyber threats and crimes continue to increase.
“As the world becomes more reliant on the Internet for everything from e-commerce to socialization, cybercrimes are also becoming more prevalent,” said John Kadous, AAIS Vice President of Personal Lines and Auto. “There are more than 1.5 million cyberattacks every year – that’s three attacks every minute. AAIS and BRS realized this need and have developed a comprehensive form that can provide cyber coverage as well as educational resources to help mitigate cyber risk.”
The Family Cyber Protection Solution contains up to seven of the most common cybercrimes impacting families today: online extortion, social engineering, cyber bullying, identity theft, system compromise, internet cleanup and breach costs. The policy can help…
