DigiSure cyber insurance is unique and extensive financial cover against cybercrime and online threats, including e-mail scams, phishing, online shopping fraud, hacked accounts, fraudulent use of your personal and financial data, malicious software, and more.
Complementary to online cover, our legal team will restore your reputation and credit record in the event of identity fraud.
Cyber insurance covers you for loss of funds from an account in your name as a result of a funds transfer (whether authorised or unauthorised), due to a fraudulent conduct of a third party which is irrecoverable from your bank or third party.
You are also covered for cyber fraud, online scams and extortion due to malware.
If you've been breached and compromised online, we have you covered.
Hacking refers to activities that seek to compromise digital devices, such as computers, smartphones, tablets, and even entire networks.
While hacking might not always be for malicious purposes, nowadays most references to hacking, and hackers, characterise it as unlawful activity by cybercriminals — motivated by financial gain, protest, information gathering (spying), and even just for the fun of the challenge.
Many think that “hacker” refers to some self-taught whiz kid or rogue programmer skilled at modifying computer hardware or software so it can be used in ways outside the original developers’ intent. But this is a narrow view that doesn’t begin to encompass the wide range of reasons why someone turns to hacking.
Hacking has evolved from teenage mischief into a billion-dollar growth business, whose adherents have established a criminal infrastructure that develops and sells turnkey hacking tools to would-be crooks with less sophisticated technical skills (known as “script kiddies”).
In fact, it’s accurate to characterise hacking as an over-arching umbrella term for activity behind most if not all of the malware and malicious cyberattacks on the computing public, businesses, and governments.
Hacking is typically technical in nature (like creating malvertising that deposits malware in a drive-by attack requiring no user interaction). But hackers can also use psychology to trick you into clicking on a malicious attachment or providing personal data. These tactics are referred to as “social engineering.”
Besides social engineering and malvertising, common hacking techniques include:
The best defence is to download a reliable anti-malware product (or app for the phone), which can both detect and neutralise malware and block connections to malicious phishing websites.
Know that no bank or online payment system will ever ask you for your login credentials, social security number, or credit card numbers by means of e-mail.
Whether you’re on your phone or a computer, make sure your operating system remains updated. And update your other resident software as well.
Avoid visiting unsafe websites, and never download unverified attachments or click on links in unfamiliar emails.
If a hacker discovers one of your passwords that you use for multiple services, they have apps that can breach your other accounts. So make your passwords long and complicated, avoid using the same one for different accounts, and instead use a password manager.
Identity theft is the crime of obtaining the personal or financial information of another person to use their identity to commit fraud.
This includes making unauthorised transactions or purchases.
Identity theft is committed in many different ways and its victims are typically left with damage to their finances, credit rating, and reputation.
Identity theft can be committed in many different ways. Some identity thieves sift through trash bins looking for bank account and credit card statements.
They may search the hard drives of stolen or discarded computers, hack into computers or computer networks, access computer-based public records, use information-gathering malware to infect computers, browse social networking sites, or use deceptive e-mails or text messages.
There are various forms of identity theft, but the most common is financial.
E-mail fraud is an intentional deception for either personal gain or to damage another individual by means of e-mail. It can take the form of a con game or scam.
E-mail fraud usually targets individuals who put their confidence in schemes to get rich quickly – exploiting the inherent greed and dishonesty of victims. These include ‘too good to be true’ investments or offers to sell popular items at ‘impossibly low’ prices. Many people have lost their life savings due to the prospect of a bargain or the temptation of 'something for nothing'.
Spoofing is pretending to be someone else on e-mail. Common spoofing takes the form of the actual sender’s name and the origin of the message being concealed or masked from the recipient. Many instances of e-mail fraud includes spoofing to avoid easy traceability.
Phishing is tricking victims into providing personal details or login information. Spoof messages purport to be from an existing company, often one with which the victim already has a business relationship. An example may be a spoof message from the bank's "fraud department", asking the victim to confirm their information, log in to their account, or to create a new password. Instead of being directed to the website they trust, victims are referred to an identical looking page with a different URL on which their private information is captured by the criminal.
In many cases, phishing e-mails can appear to be benign, for example a new friend request on a social media platform.
Fraud often starts as e-mail solicitations to purchase goods or services. The fraudulent offer typically features a popular item or service at a drastically reduced price, or in advance of its actual availability. For example, the latest video game may be offered prior to its release, but at a similar price to a normal sale. In this case, the greed factor is the desire to get something that nobody else has, and before everyone else can get it, rather than a reduction in price. These item are paid for, but never delivered.
Winnings & Inheritance:
Receiving an e-mail regarding winning an automatically entered competition, or inheriting from a distant family member or stranger, is a common form of e-mail fraud. It often requires the victim to first deposit an amount of money to clear the funds, or to provide banking details for the deposit.
Request for Help:
A more subtle way of e-mail fraud is a request form help by a stranger, in return for a reward ("hook"). The reward may be a large amount of money, a treasure, or some artifact of supposedly great value.
Invoice fraud involves a fraudster notifying you that payment details have changed and providing alternative details in order to defraud you.
Fraudsters can imitate e-mail addresses to make them appear to be from a genuine contact, including someone from your own organisation.
Funds are often quickly transferred so recovering money from fraudulent accounts can be extremely difficult.
Most accommodation owners and rental agents of holiday properties advertise online. Finding potential victims to scam, is thus easy.
Cyber extortion is a worldwide, continuously growing, multi million dollar enterprise. It is the act of cybercriminals demanding payment through the use of or threat of some form of malicious activity against a victim, such as data compromise or denial of service attack.
Cyber extortion often occurs via e mail-based ransom demands. With this tactic, recipients are told that their personal information will be released to their social media contacts, family, and friends if a ransom is not paid. The recipient is then instructed to pay in some form of currency (such as bitcoin) with an extremely tight deadline.
Organisations can start raising awareness by providing social engineering and phishing training to employees. The threat of malicious software (including ransomware) can be prevented by antivirus protection and ensuring that patching for all software is up to date.
Legitimate organisations and financial institutions will never ask for personal or financial information via e-mail. If a message appears to be a phishing or spam e-mail, it probably is.
DigiSure is sold via Millo Brokers (Pty) Ltd. (FSP #38740).
All product and policy enquiries are handled by Millo Brokers.
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