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