Personal Cyber Insurance

Why Get Personal Cyber Insurance?¶

Cyber crime statistics of all kinds are on the rise. While we often hear about the biggest data breaches in the news, the truth is that criminals attack individuals as well as large organizations. According to TransUnion, digital ID fraud attempts have risen by 218% since the COVID-19 pandemic began — and the numbers are expected to keep growing.

We need to stay connected to stay in touch, but every device we use is also a point of vulnerability. Practicing smart digital security and insuring yourself against the worst case scenarios will protect you from the consequences of cyber fraud.

Cyber Protection from Palladium¶

Comprehensive coverage for yourself and your loved ones includes:

• Identity theft
• Cyber attacks
• Ransomware
• Cyber crime
• Smart home devices & wearables
• Cyber bullying (optional)

Should an incident occur, you’ll have:

• 24/7 access to CyberScout incident response helpline: you'll have immediate help if you suspect that you've been hacked.
• Coverage that provides funds to help restore your devices to the state they were in before an attack, and help recover any lost data.

Palladium’s experts will help you understand the options and choose the optimal solution for your circumstances.

Protect Yourself from the Cyber Crime¶

The essential first step in stopping cyber criminals is to practice effective cyber security:

• Turn off public Wi-Fi when you don’t need it, and don’t access anything sensitive when you’re using public connections.
• Use antivirus software on your computer and keep it up to date.
• Use strong passwords on all your devices, and don’t use the same password multiple times.
• Enable multi-factor authentication on your accounts.
• Don’t open attachments or click on links in spam emails.
• Turn off location tracking, or at least be very selective about allowing apps to use it.
• Be careful what you share on social media. Review your privacy settings often, and ensure that details like your email address, home address, and birthdate are not entered or are locked down.
• Don't give out personal information unless you know the source is secure. Banks and government agencies do not email or phone you to ask for passwords or PINs.
• Check your bank and credit card statements often and report anything suspicious immediately.
• Never give out your social insurance number (SIN).
• Never give out bank or credit card PIN numbers.
• Be careful of websites you visit.

Remember, identity theft is often just the beginning. Once scammers have your personal information they can use it to access your financial accounts, apply for loans or government services, or commit other crimes.

But if the worst should happen, you’ll be glad to know that you have the protection of a personal cyber insurance policy from Palladium Insurance.