[MY]CYlution

Protect Your Digital World with Specialist Cyber Insurance

Are you 100% sure you’re secure while online? Are your loved ones safe when surfing the net? Is your digital presence protected from cyber threats?

If not, [MY]CYlution is your solution to live securely in a digital world. 

With cybercrime on the rise, protecting your online presence is no longer a luxury, it’s a necessity. According to insurance experts at iTOO, banking app losses increased by more than 88% to an average loss of R14 253 per transaction. Online banking losses increased by more than 44% to an average loss of R32,298 per transaction.

Let’s explore how this specialist cover can safeguard you and your family from the growing threats in the digital space.

[MY]CYlution

What’s Covered?

[MY]CYlution is a cutting-edge cyber insurance policy designed to provide comprehensive protection against a wide range of cyber risks. Here’s what you can expect from this innovative policy:

1. Theft of Funds

If your bank account, payment cards, or mobile wallet are hacked, this policy will reimburse you for the stolen funds. The policy also covers:

  • Costs to investigate the incident.
  • Fees incurred due to insufficient funds or missed payments.
  • Legal fees to prosecute the perpetrator.

Example Situation:
You receive a fake email that appears to be from your bank. After unknowingly sharing your login credentials, a cybercriminal gains access to your account and transfers your money out. [MY]CYlution steps in to cover your losses and assist in holding the perpetrator accountable.

2. Identity Theft

Identity theft can disrupt your life in countless ways. With [MY]CYlution, you’ll be covered for:

  • Lost income for time spent resolving the issue.
  • Costs to reapply for loans or credit.
  • Fees for getting affidavits notarized, phone calls, and reissuing documents.
  • Up to six months of credit and identity theft monitoring.

Example Situation:
A company storing your personal data suffers a breach. Criminals use your stolen information to apply for loans or make fraudulent transactions. [MY]CYlution helps you recover from the financial and emotional toll of the incident.

3. Data Restoration and Malware Decontamination

If malware damages your device or locks your files, [MY]CYlution covers the cost of IT experts to restore your data and software.

Example Situation:
You accidentally download a malicious file that encrypts your personal data. With [MY]CYlution, you’ll have access to skilled professionals who can recover your files and get your device back in working order.

4. Cyber Bullying and Stalking

Online harassment and cyberbullying can have serious emotional and financial consequences. This policy covers:

  • Costs to remove harmful material online.
  • Lost income and legal fees to prosecute the offender.
  • Trauma counseling.
  • Expenses to move your child to another school if necessary.

Example Situation:
Your child becomes the target of cyberbullying, leading to emotional distress. This policy provides the resources and support needed to protect your family and hold the bully accountable.

5. Cyber Extortion

Ransomware and sextortion attacks can leave you feeling helpless. With [MY]CYlution, you’ll have access to IT experts who will validate ransom demands, attempt to restore your systems, and even cover the ransom payment if necessary.

Example Situation:
A cybercriminal encrypts your data and demands payment to unlock it. This policy ensures you’re supported every step of the way—from assessing the threat to resolving the issue.

6. Privacy and Data Liability

If your device is hacked and others’ personal data is stolen, [MY]CYlution covers:

  • IT investigations into the incident.
  • Legal fees and settlements for damages.

Example Situation:
A hacker gains access to your email and steals sensitive information about someone else. If they take legal action against you, [MY]CYlution ensures you’re protected.

7. Online Shopping Fraud

Have you ever purchased something online, only for the seller to disappear without delivering the goods? [MY]CYlution will reimburse you for financial losses caused by fraudulent transactions.

Example Situation:
You buy an item from an online store that turns out to be a scam. [MY]CYlution steps in to recover your lost funds.

8. Express Kidnapping

In cases of express kidnapping, where victims are forced to withdraw or transfer funds, [MY]CYlution covers the value of the surrendered funds or property.

Example Situation:
You’re held against your will and forced to withdraw money from an ATM. [MY]CYlution ensures you’re reimbursed for your losses.

Why Choose [MY]CYlution?

  • Tailored for South Africans: This policy is specifically designed to address the unique challenges and risks faced by individuals in South Africa.
  • Comprehensive Coverage: From identity theft to online shopping fraud, [MY]CYlution covers a wide range of cyber risks.
  • Expert Support: With access to a dedicated team of IT professionals, legal advisors, and counselors, you’ll never face a cyber incident alone.

Tips to Stay Cyber Safe

While [MY]CYlution offers robust protection, it’s essential to take proactive steps to safeguard your digital presence:

  • Use strong, unique passwords for all your accounts and change them regularly.
  • Avoid using public Wi-Fi for online transactions.
  • Be cautious of phishing emails and verify the legitimacy of requests for personal information.
  • Keep your antivirus software updated.
  • Teach your children about safe internet practices.

Get Protected Today

Cyber threats are evolving, and the consequences of an attack can be devastating. With [MY]CYlution, you can enjoy peace of mind knowing that your finances, data, and reputation are in safe hands.

Click here to purchase your policy online now, or contact our team to learn more about how this innovative policy can protect you and your family.

Search
Close this search box.