BI&I Home Cyber Protection Covers Smart Phones, Computers and Connected Home Devices Against Cyber Threats
BI&I Home Cyber Protection offers a suite of coverages and services for cyber attacks, cyber extortion, online fraud and the breach of personal information involving smart phones, computers and connected home devices.
“The increasing growth of connected devices and smart home equipment is making homeowners more connected than ever, but also creating opportunities for cyber attackers to steal information, extort money, commit fraud, and damage data and systems,” said
BI&I Home Cyber Protection bundles the following coverages:
- Cyber Attack, to remove malware on a computing or connected home device, recover data and restore systems.
- Cyber Extortion, with professional assistance on how best to respond to a ransomware attack, and payment of ransom when approved.
- Online Fraud, for losses due to identity theft, unauthorized bank and credit card transfers, forgery of cheques, counterfeit currency, and intentional and criminal deception.
- Data Breach, including forensic IT and legal reviews, notification, fraud alert and identity recovery services when private non-business data entrusted to an individual is lost, stolen or published.
BI&I Home Cyber Protection is added to the homeowners or tenants policies of insurance companies that partner with BI&I, and covers the individuals and family members insured by those policies.
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906