Tokio Marine HCC and CyberScout announce collaboration
Tokio Marine HCC – Cyber & Professional Lines Group, a national cyber insurance provider, and CyberScout, a “global leader” in identity theft resolution, data defense and employee benefits services, are partnering to provide cyber insurance, cyber education, identity management and resolution services to insurance carriers throughout the US.
Founded in 2003, Scottsdale-based Cyberscout serves approximately 17.5 million households worldwide and is the designated identity theft services provider for more than 770,000 businesses.
The collaboration will allow homeowner insurance carriers to offer policyholders a single, comprehensive personal cyber solution to protect their privacy, devices and finances from digital intrusion, fraud, harassment and extortion by bundling 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.
“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. 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.” – Jennifer Leuer, CEO, CyberScout
“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. 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.” – Matt Sherman, SVP of Tokio Marine HCC – Cyber & Professional Lines Group.