The very term “Cyber Insurance” sounds like something out of a science fiction novel. Generally, cyber insurance is something utilized by commercial enterprises to safeguard their large databases from malware and cyberattacks, but individuals are compromised by fraud, identity theft, and phishing scams every day. It’s not just businesses that are being affected.

Excalibur Insurance presents Cyber Liability through Cyberboxx to protect individuals and families from cyber attack, cyber extortion, online fraud, data breach, and even cyber bullying. Because home insurance generally will not cover instances of cybercrime specifically, many families may need acquire their peace of mind against cyber attacks via separate coverage. Enter Cyber Liability Insurance.

Here’s the thing – cyber attacks can be sneaky, and they can impact you and your family by a variety of means. In some instances, you may already be compromised by a hacker and not know it. Surprise instances of cyber attack may come in the form of an unexpected charge to your credit card or the realization that an email with a malicious attachment has been sent to your friends by your account. Cyber attacks can do loads of damage before you even realize they have happened.

Cyber attacks can come in many different forms, including:

• Phishing scams – Emails that ask for sensitive information or that contain malicious attachments and/or links to fake websites
• Account hacking – Weak passwords that allow hackers to breach your private accounts and steal information
• Cyberbullying and cyberstalking – Targeted harassment done online
• WiFi breach – Compromised WiFi networks

During the COVID-19 pandemic, many individuals began working from home. Unfortunately, this also caused the rate of identity theft, personal cyber attacks, and ransomware to rise. There are many ways you can reduce your risk of cyber attacks.

The best way to mitigating your risk of cyber attacks is taking the necessary steps to preventing them. It all boils down to ensuring that your home security is sufficient enough to protect you from hackers, data breaches, and phishing scams.

The simpler your passwords and the more you reuse a single password, the likelier chance you have of having to deal with hackers stealing your personal information. If you use the same password across numerous accounts, hackers can gain access to numerous accounts very quicky. Consider using a mix of upper and lower case letters, numbers, symbols, and nothing with any relevance to your personal info. If you cannot remember numerous passwords across various accounts, consider a password manager.

If you work from home without having a proper security system to defend your network against hackers, you may want to set up a network that is dedicated for work purposes solely. Otherwise, ensuring your personal WiFi network has a strong password is a solid start.

Phishing scams generally come in the form of seemingly legitimate emails that contain malicious attachments or links which can download viruses onto your computer. Phishing scams are the top cause of data breaches among families and businesses, however not everyone can detect what a phishing email looks like. Inform your family of what a phishing email may appear like and inform them of what to do if they receive one.

Sometimes, accidents do happen. But no one should ever have to deal with repercussions of a cyber attack on their own. Through Cyberboxx, Excalibur Insurance now offers Cyber Liability for families and individuals that can secure your home and the way you live your life if an attack does occur.

Cyber Liability offers coverage that protects families against numerous cyber vulnerabilities. This may include instances of identity theft, cybercrime, cyber attacks, ransomware, cyber bullying, reputation injury, and cyberstalking. The recovery process following a cyber attack can be huge and interrupt you and your family’s way of life but with the right coverage, you can have peace of mind.