Send us your story

ITNews-ITAustralia's first-ever family cyber insurance by Emergence is here

Australia’s first-ever family cyber insurance by Emergence is here

Sydney-headquartered Emergence has launched Australia’s first-ever stand-alone personal cyber insurance policy. The insurance policy responds to a range of cyber risks for individuals and families in an event of a cyber-attack. Emergence has been in the business of protecting businesses from cyber crime since 2015 by providing them specialist cyber insurance covers.

About the family cyber insurance by Emergence

The personal and family cyber protection covers by Emergence covers cyber crime like personal cyber crime, identity theft, viruses, hacking and malware. The insurance policy also responds to cyber harassment, cyber stalking and cyber bullying. 

With the pandemic, lockdowns and restrictions declared across the country and increased digitalisation, technology is playing a bigger role than ever in every family’s life. Founder and CEO of Emergence, Mr Troy Filipcevic says whether people are shopping online or organizing their lives, technology is entrenched in family life. Filipcevic says that with tech becoming a more and bigger part of our lives, it becomes more prone and vulnerable to cyber risk and at Emergence, they think it is important to insure not just businesses but families as well.

SEE ALSO: Australian security specialist firm CyberCX expands to New Zealand

About the cyber protection insurance firm Emergence

Emergence is Australia’s Underwriting Agency of the Year for 2019. Apart from family insurance, they also protect Australian businesses of all sizes from cyber risk. The company equips brokers with all the essential technology and tools to protect its clients with efficiency and ease.

Emergence published a whitepaper titled ‘Personal cyber insurance: the smart solution to countering cyber crime’ which said 88% of Australians use the internet and 71% use social media [1]. This provides a “fertile ground for criminal activity and anti-social behaviour” to take place online, says Filipcevic.

What starts as a nasty comment on a social platform can quickly escalate into something defamatory or hurtful to the person that they start to be a shadow of their former selves and they’re the people that the company wants to help with this policy, says Filipcevic. 

SEE ALSO: NSW pledges AU$60m to build an army of cyber experts

For more updates and latest tech news, keep reading iTMunch

Source

[1] Emergence (2020) “Personal cyber insurance: the smart solution to countering cyber crime” [Online] Available from: https://www.emergenceinsurance.com.au/personal-cyber-insurance-the-smart-solution-to-countering-cyber-crime/ [Accessed August 2020]

Image Courtesy:  Image by methodshop from Pixabay

Riddhi Jain
Riddhi Jain
Riddhi Jain is a technology content writer. She is based in India and has been working as a content writer since 2018. Riddhi has been writing content in the tech domain since May 2020 and can’t get enough of it. Riddhi has pursued most of her education from her hometown, Indore. She has graduated as a Bachelor of Business Administration and discovered her love for writing blogs while pursuing an internship during college. Once she discovered her love for writing, she went on to improve this skill set (and hasn’t stopped since).
Read More

RELATED ARTICLES