CyberBridge – Personal Cyber Coverage

Hacking, Fraud, Cyber Extortion, Cyber Bullying, Identity Theft and Cyber Liability

Are you protected?

The internet has become part of our daily lives. It’s not just our computers that are connected, it’s our phones, entertainment systems, lights, doors, thermostats and even our microwaves and refrigerators! Unfortunately, with all this connectivity, we are more exposed than ever to cyber threats. And, did you know these exposures are not covered under standard homeowners insurance policies?

Farmers of Flemington can help bridge the gaps in your policy with CyberBridge, our Personal Cyber Protection enhancement.

CyberBridge provides protection from Cyber threats including Identity Theft, Credit Card Fraud, Cyber Bullying, Cyber Extortion, Privacy & Security Liability and more. For complete coverage details, you can view the entire endorsement by clicking here.

CyberBridge Personal Cyber Coverage is available as an affordable enhancement to your Farmers of Flemington policy with a choice of a $10,000 or $25,000 limit per year, with a separate limit available for legal expenses.

“It will never happen to me.” We hear that a lot, but the odds that you will be the victim of cyber crime are far greater than you might think.

Odds of experiencing a data breach are one in four

According to a recent study, one in four Americans has been a victim of cyber-crime¹ and one in six high school students reported being cyber bullied in 2020².

Personal data breaches resulted in $149 million in losses per year. Identity theft added another $100 million to that amount.³ The number of people who had some liability from fraud committed against them has tripled over the course of the past two years.³

Here are a few examples of the types of losses CyberBridge covers:

Cyber BullyingA private high school junior is harassed by a group of her peers when they post unflattering photos of her on social media and tweet numerous jokes at her expense. The student and her parents made several attempts to have the photos and tweets removed, but they had been shared and reposted too many times. The student was forced to leave school due to the intimidation and emotional distress resulting from the cyber bullying. CyberBridge™ would reimburse the family’s cost to seek counseling and any tuition that is not reimbursed by the school.

Cyber ExtortionOne evening, a man downloaded an app to watch a movie on his iPad. Half-way through the movie, the iPad froze and a screen appeared demanding that a ransom be paid in order to restore functionality. CyberBridge™ would cover the ransom paid and costs associated with removing the ransomware.

Breach Notification CostsA parent volunteers at her daughter’s school fundraiser, collecting names, addresses, and credit card numbers of over 100 parents. The parent misplaced the donation sheet and reported it to the school, who asked her to pay the breach notification costs. CyberBridge™ would cover the attorney fees and breach notification expenses incurred by the parent.

Cyber CrimeA woman received an email stating that her credit card payment was overdue and must be paid immediately. She clicked the link and issued the payment before realizing that the email was fraudulent. CyberBridge™ would cover the financial loss incurred as a result of this transaction.

In addition to the coverage provided by CyberBridge, we provide you access to CyberScout^®, America’s leading provider of cyber security education and resolution services. If you sustain a covered cyber loss, CyberScout will provide you with response services to help you recover quickly.

We also provide you with access to CyberScout’s Knowledge Center and other online tools to help you protect your identity and avoid cyber threats. Click here to learn more.

Bridge the cyber gap with
CyberBridge

Click here to view or download our CyberBridge brochure.

Sources
¹Gallup, “One in Four Americans Have Experienced Cybercrime”, December 11, 2018, https://news.gallup.com/poll/245336/one-four-americans-experienced-cybercrime.aspx
²Centers for Disease Control and Prevention, â€œPreventing Bullying |Violence Prevention|Injury Center|CDC., October 21, 2020, www.cdc.gov/violenceprevention/pdf/yv/Bullying-factsheet_508.pdf
³Insurance Information Institute Facts + Statistics: Identity theft and cybercrime, (https://www.iii.org/fact-statistic/facts-statistics-identity-theft-and-cybercrime)

Disclaimer
The scenarios used are examples of the types of claims and associated costs commonly seen and do not represent a comprehensive explanation of any one particular claim. While the subject coverage is designed to address certain risks and associated costs, coverage may not be available in all circumstances. Each reported claim will be evaluated on a case-by-case basis. The actual policy or endorsement language should be referenced to determine coverage applicability and availability.

CyberBridge – Personal Cyber Coverage

Learn about these Valuable Coverage Enhancements:

Hacking, Fraud, Cyber Extortion, Cyber Bullying, Identity Theft and Cyber Liability

Farmers of Flemington can help bridge the gaps in your policy with CyberBridge, our Personal Cyber Protection enhancement.