ENCINO, Calif. and SCOTTSDALE, Ariz. - April 21, 2020 – Tokio Marine HCC – Cyber & Professional Lines Group, a national cyber insurance leader, and CyberScout, a global leader in identity theft resolution, data defense and employee benefits services, announce a new partnership to provide cyber insurance, cyber education, identity management and resolution services to insurance carriers throughout the United States. With this new offering, homeowner insurance carriers can now o¬ffer their policyholders a single, comprehensive personal cyber solution to protect their privacy, devices and finances from digital intrusion, fraud, harassment and extortion.
“This strategic relationship brings together Tokio Marine HCC’s industry-leading personal cyber insurance coverage with CyberScout’s cyber protection and remediation services, which we continue to evolve to meet the changing threat landscape,” said Jennifer Leuer, Chief Executive Officer, CyberScout. “Cyberattacks, email scams and online extortion events continue to grow as people become more reliant on mobile and smart home devices. This new offering assists homeowners with protecting their expanding attack surface and guarding against very real and costly threats.”
As an innovative insurance provider, Tokio Marine HCC specializes in tech and cyber solutions that meet the needs of today’s homeowners. Home insurers can now bundle CyberScout’s identity theft resolution services with Tokio Marine HCC’s personal cyber insurance coverage. This new cyber endorsement is available as an add-on to homeowners’ policies and offers 24/7 ID Theft support, an online customer education portal, dark web monitoring and password protection. The program also provides insurance coverage for cases of financial fraud, data recovery, extortion, cyber bullying and related legal expenses.
“When it comes to cybercrime, being insured is only part of the risk mitigation. We are pleased to offer our clients a trusted suite of cybersecurity services and tools that minimize risks and cyber threats,” said Matt Sherman, Senior Vice President of Tokio Marine HCC – Cyber & Professional Lines Group. “CyberScout understands the important role of education and expert support and has a proven track record of solving complex issues for consumers. When paired with our personal cyber insurance coverage, we are offering something truly unique to the industry.”