As insurers are growing more concerned with the threats posed by cybercrime, they are looking for ways to mitigate any damage that may be caused. Nationwide Insurance has announced that it will be expanding its identity theft insurance policies that offer protections for personal information kept on home computers. The insurer is now offering free access to security software for those with appropriate insurance policies. Nationwide hopes that this will provide another layer of protection for consumers and cut down on instances of cybercrime. According to the Bureau of Justice…
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Personal identity theft protection tips following a breach of your account
The past few months have clearly demonstrated that no account – no matter the organization or security measures taken – is immune to access by a determine hacker, so it is important for everyone to know what they should do in order to protect themselves once an attack has occurred. Millions of Americans experience data breaches every year, increasing their risk of various types of fraud, such as identity theft and financial fraud, as their personally identifiable information (PII) may have been obtained by an unauthorized individual. Experts are recommending…
Read MoreThe Beazley Group branches out into crime insurance market
The Beazley Group, a specialist risk insurance and reinsurance company, has announced that they will be expanding into the fidelity and crime insurance market. The insurer is striving to strengthen its presence in this particular market in the U.S. Aiming to broaden the scope of buyer choice within the market, Beazley has assembled a team they believe is capable of driving their aim. The group will establish limits of $25 million for coverage for both financial and non-profit organizations. Bill Jennings, among the most experienced underwriters available, has signed on…
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