Addressing the Personal Cyber Protection Gap

Three-quarters of consumers have had their personal information lost or stolen in some form of cybercrime. Twenty-eight percent of consumers had a social media account hacked. In addition, 23% of consumers had personal information compromised in a data breach, and 14% of consumers experienced an online attack. Yet 56% of insurance agents reported that their customers don’t understand or agree with the value of cyber insurance.

Addressing the Personal Cyber Protection Gap, a new report by the Insurance Information Institute (Triple-I) and HSB, captures the results of their recent survey of insurance agents to gain a deeper understanding of their perceptions of personal cyber insurance products.