Personal Cyber Insurance a New Zealand First

Kiwi-owned company Delta Insurance has introduced cover to protect individuals and households from losses through cyber-attacks – a first for this country.

The move to provide the cyber insurance for individuals follows Delta’s move earlier this year to introduce a cyber risk-management offering, DynaRisk, which individuals can use to shore up their defences against cyber-attacks.

Delta Chief Executive Officer Craig Kirk 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.

To read the full article online, please visit the Scoop website.

To find out more about DynaRisk, please visit the Delta Insurance website.

Cyber Risk – snapshot

Symantec Corporation report 2019

  • In 16 countries studied (including NZ) – 800 million victims of cyber-crime (37% of population)
  • 117 million suffered from identity theft, including 165,000 New Zealanders
  • 38% of people encountering cybercrime suffered financial loss

CERT NZ 2019 1st Quarter Report – cyber-security incidents

  • 992 incidents (45% – “phishing”)
  • Financial loss $1.7 million