Personal Cyber Security Insurance – Nathan says “Every person needs to have this”

You sit down with your morning coffee, you open your personal laptop and attempt to open a file, only to find your files are locked. You have a message waiting in your inbox. It says your files are encrypted and if you want the decryption key, you need to click on a link and pay $10,000 in bitcoin within 24 hours. If you don’t pay, the price goes up to $50,000. If you fail to pay the ransom, the decryption key will be destroyed, and your files will be lost forever. Taxes, original pictures of loved ones, and that big presentation for next weeks are the first things that come to mind. – You’re the victim of cyber extortion.

Everyone needs to have this insurance and Dan Weedin from First Underwriters Insurance is here to explain the how and why’s.