It's time for cyber-insurance to become personal in the WFH age.

Abstract

As economic activities around the globe become pervasively digital, the ever-increasing cyber threat is outpacing most companies’ ability to manage it effectively. Sensitive business information, such as employee personal information, client and corporate data, and intellectual property all are at an increasing risk of getting hacked. Along with them, other key elements of corporate infrastructure are also under growing threat from ransomware risks.

Commercial cyber-risk management activities such as ID theft resolution and credit monitoring have become ubiquitous all over the globe thanks to countless data breaches since the mid-2000s, and are exploding in the era of smartphone communication. Fast forward to the post 2020 era, phishing scams are running rampant amid Covid-19 which has blurred the distinction between workplace and home.