As cyber thieves become more sophisticated in their attacks, leveraging tools like machine learning, artificial intelligence and more, the fallout has shown that the risk of cybersecurity attacks has never been greater. As a recent report from the Identity Theft Resource Center notes, cyber thieves often just need login and passwords from consumers to launch attacks as individuals oftentimes reuse passwords at work and home on more than one account. More than 15 billion credentials are available for sale at any given time in underground identity markets. Cyber criminals use automated tools that can attempt to access 500 accounts per second using stolen logins and passwords. The time to think about the impact of cyberattacks in our personal lives is now.
We recently spoke with Kareen Boyadjian, Vice President of Underwriting and Product Leader for Medefense, e-MD and NetGuard SELECT at Tokio Marine HCC - Cyber & Professional Lines Group, about the current trends fueling the need for a stand-alone cyber personal lines insurance policy, what to consider when shopping for a policy, and how brokers can assist clients in this area. To learn more, hit play.
