Holistic Insurance will focus our purposes on our community. That’s why we are excited to have partnered with our good friends at Emergence to distribute Australia’s first stand-alone cyber insurance product for families and individuals.

Our lives have shifted online, especially since the advent of smartphones. Many of the daily tasks we used to do offline – banking, shopping and even socialising – we now do online. Data shows just how integral the online environment is to us. According to statistics, 88 per cent of the Australian population, or 22.3 million people, use the internet.

Our dependence on the internet, and the exponential growth of web-enabled devices and social media, has had the effect of making us so much more interconnected. A whopping 18 million of us or 71 per cent of the population, use social media.

But technology also creates new risks. It provides fertile ground for criminal activity and antisocial behaviour, and research backs this up. From 1 July 2019 to September 2019 this year the ACSC’s cybercrime reporting tool, ReportCyber, received almost 14,000 reports. That’s an average of around 148 reports a day, or one cybercrime report every 10 minutes. Over this time, individuals and small to medium businesses self-reported financial losses to ReportCyber of more than $890,000 each day, representing an estimated annual loss of approximately $328 million.

It risks extends beyond the technical side of cyber threats. Unfortunately, cyberbullying is increasingly commonplace, especially among young people who may not have enough awareness about the harm their actions cause when they bully and harass their peers online.

A study conducted in 2019 by McCrindle shows 24 per cent of all bullying involves social media and text messages. Worryingly, cyber threats start at a very young age and continue throughout our lives.

Cyberbullying involves the misuse of power with technology. Examples include threatening to publish explicit photos online without your authorisation, encouraging others to bully or ignoring, vilifying and spreading rumours on social media.

Cyberstalking is another form of targeted antisocial behaviour that has become all too frequent. Like cyberbullying, it uses various methods. It is most common to think of it as stalking that takes place online on social media platforms, forums, blogs, and email. Cyberstalking can also take the form of the individuals’ location tracking via technology.

With this everchanging environment around technology, we need to be protected. We also need to get the support when cyberbullying, cyberstalking and cyber harassment affect the people we love and care about.

Emergence Personal Cyber Insurance Overview

Today, technology is part of our everyday lives. Whether it’s how we communicate, purchase items and coordinate our family’s busy schedule, we are heavily reliant on technology.

Our dependence on the internet, and the exponential growth of web-enabled devices and social media, has resulted in people being much more interconnected. These new processes introduce new risks into our homes and everyday lives that must be managed.

Emergence Personal Cyber Insurance is about more than the bits and bytes in your laptop, tablets and smart devices. It covers you, your family, your identity, your reputation, your money and your time (wage replacement) when a cyber event occurs. The product even responds beyond the technical side of cyber threats.

As we use social media platforms, we are exposed to different threats which can also become a breeding ground for antisocial behaviour. That’s why the product also responds to cyberbullying, cyberstalking and cyberharassment.

As “tech’ continues to infiltrate our lives, protecting yourself and your family against cyber risks has never been more critical. Take the time and make an effort: diligence makes a difference. And for extra peace of mind, make Personal Cyber Protection Insurance part of your household’s cyber risk mitigation and recovery strategy.