What happens if I lose money because of online fraud?
If you lose money because of online fraud, your cyber insurance can help cover the loss. However, it's important to inform your insurer as soon as you become aware of the fraud. Here's how the policy helps.
- E-theft
This covers money stolen if someone hacks into your accounts or systems. For example, if a hacker gets into your bank account and transfers money out, this part of your policy ensures that the stolen amount is reimbursed.
- E-communication fraud
If someone sends fake emails or messages pretending to be you and tricks others into transferring money, this is also covered.
Informing the insurer quickly ensures your claim process starts without delay, helping you recover your money faster.
Back to ClaimsWhat should I do if someone pretends to be my company (impersonation fraud) or me?
If someone pretends to be you or your business to steal money or harm your reputation, your cyber insurance can protect you. Make sure to report the incident to your insurer immediately.
Can I get covered if someone tricks my customers, bank, or financial institution into sending money?
Yes, your cyber insurance can help when deceptive communication leads to fraud. It's crucial to inform the insurer as soon as you become aware of such fraud.
What is covered if someone hacks my business email to steal money or information?
If someone hacks into your business email and uses it to commit fraud, your cyber insurance covers the financial losses. Make sure to inform your insurer about the breach as soon as you find out.
What if someone intercepts my communication and uses it to steal money or data (man-in-the-middle attack)?
If someone intercepts your communication and steals money or sensitive information, your cyber insurance can help. Inform your insurer immediately to get the support you need.
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