Lorega launches homeowner cyber cover product

Lorega, a UK supplier of assistance insurance products to the SME market, has expanded its cyber recovery insurance portfolio with the addition of dedicated services and cover to help homeowners recover from cyber threats and attacks, email fraud, cyber theft and identity theft.

Lorega’s Home Cyber Recovery provides homeowners with access to 10 hours or 25 hours of expert advice and, depending on the level of service, cover is available for related costs including repairing or replacing computers systems, personal data reconfiguration and restoration, removal of viruses and ransomware, termination of hacking, losses incurred in fraud or theft, liaison with financial institutions in case of identity theft and certain costs and expenses in relation to defamation liability claims.

According to the UK government, by 2020 it is expected that every household in the country will have 15 internet connected devices and there will be a total of 420 million in use by 2021. With significant levels of personal health, financial or other sensitive data being stored and shared on these devices, individuals are becoming increasingly vulnerable and their information susceptible to a cyber-attack.

In the event of such an attack, Home Cyber Recovery offers 24/7 expert advice, incident investigation and restoration services delivered by Lorega’s Cyber Emergency Response Team (CERT). CERT is operated by Agenci, a leading international cyber security consultancy and Lorega’s cyber insurance partner.

Andrew Kilgour, director of broker relationships, said: “The risks and impact of cyber-related crime are no longer the sole domain of businesses. The growing dependence on connected devices in the home for day-to-day activities is creating a clear need for personal cyber protection and assistance. We are responding to this with a dedicated service designed to provide advice and assistance when it is needed most to help homeowners to recover from a potentially devastating and damaging cyber-attack.”