You are 30x more likely to be robbed online than to be burgled at home
With over 4.7 million instances of fraud and cyber-crime in England and Wales alone the Crime Survey for England and Wales (CSEW) confirmed that cyber-crime is now the most common form crime in the UK.
Scams are ever changing in the cyber-crime world, from conveyancing fraud to sex extortion the threats can be extremely stressful for individuals targeted, but they are often simply a hoax. The hoax email will be sent to hundreds of thousands of people claiming to e.g. have a recording of the person watching pornography. The email will threaten to send the damaging recording to friends and family unless a ransom is paid, often anywhere between £300-£5,000.
The DynaRisk Pro facility in the Geo Private Clients Household policy is able to warn clients of scams like this more than a month before the authorities can and so is able to prevent clients from being exposed to these risks.
Case study - A case of extortion
A high-profile individual, also the face of his company
He received an email from someone claiming to have stolen his password and was going to gain access to his accounts to commit a crime unless the individual cooperated
The DynaRisk databases showed that the individual had been exposed in 4 data breaches and his password shared with criminals. The individual now knows which password was exposed and can take defensive measures, safe in the knowledge that the criminal’s threat cannot be acted upon.
If you would like to talk to Geo about their DynaRisk Pro facility, CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on
The Geo journey has begun.
An exciting future lies ahead as our Towergate businesses move over to Geo. From 1 February 2018, our personal lines business joins Geo Specialty in operating under the Geo brand. The move marks the next step in a programme of change as we transform into an agile MGA structured for long term success in an evolving insurance market.
Our commercial businesses will soon also move over to Geo, completing the operational phase of the transition. But that’s by no means the end of it. We’re on a journey to make a difference. To carriers. To brokers. To the industry as a whole. Geo is the start of that journey.
We look forward to sharing it with you.
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