Delta Insurance, a New Zealand insurance company, has introduced a Kiwi first with its new personal cyber insurance offering.
The offering protects individuals and households from losses through cyber attacks and is known as PerCy, an abbreviation of ‘personal cyber insurance’.
Earlier this year, Delta has introduced a cyber risk management offering, DynaRisk, which is designed for individuals wanting to implement defences against cyber attacks. PerCy is another step in Delta’s strategy to provide better cyber insurance to individuals around the country, according to the company.
Craig Kirk, Delta chief executive officer, says the company had felt for some time there was a big gap in the market for some form of insurance to cover the growing number of cyber risks people were encountering.
He says, “The list is growing all the time: identity theft, theft of financial assets, attacks on smart devices at home like baby-phone cameras and smart TVs, viruses, ransomware, unauthorised online transactions and theft of priceless family items like digital photographs.”
“The financial damage can be substantial, but it can also bring massive emotional stress and…
