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October 8, 2020

Chubb rolls out new cyber insurance offering in UK

By Verdict Staff

Chubb has launched a new cyber product in the UK to protect customers and their families in the digital world.

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Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
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by GlobalData
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The new product is said offer a range of protection and services that helps in mitigating online risks.

Additionally, it provides action and practical support to the policyholders if they fall victim to certain cyber-related incidents.

This includes proactively monitoring accounts and alerting customers to data breaches as well as offering continued advice and training.

As part of its personal cyber insurance, Chubb will also offer legal support for cases of online bullying and harassment.

Furthermore, the company will fix/replace infected devices and restore lost or stolen digital content and offer reimbursement to customers affected by cyber extortion.

Chubb Specialty Personal Lines International executive vice-president Chris Eappariello said: “We are delighted to be able to offer this new and innovative Personal Cyber Insurance policy for our partner businesses.

“Chubb’s Personal Cyber Insurance brings together that knowledge and those insights to help individuals to safeguard themselves and their families online.”

Eappariello added: “We all enjoy so many benefits from living in a digitally-driven age, but the internet can also be a haven for criminals and bullies whose actions can often have a devastating impact on their victims. Chubb’s Personal Cyber Insurance helps customers and their families be safer and also offers protection and practical solutions if they are targeted.”

The new personal cyber insurance will be available through Chubb partner businesses including financial institutions, retailers, employee benefits, payment providers and mobile network operators.

Last month, the company launched a new global platform, dubbed Chubb Studio, to simplify and streamline the distribution of its insurance offerings through its partners’ digital channels worldwide.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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