HSB Introduces Cyber Insurance for Autos [Yahoo! Finance]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Yahoo! Finance
Safeguards data stored in cars and connected apps Smart Cars, New Exposures HARTFORD, Conn., March 26, 2024 BUSINESS WIRE )--With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves. Specialty insurer HSB is helping consumers respond with Cyber for Auto , a new coverage that will be available for cyber-attacks, the company announced today. HSB's unique proposed coverage helps safeguard private information that is stored in personal vehicles and connected to cloud-based and wireless communication networks. "Automakers continue to integrate new technologies into today's vehicles," said James Hajjar, chief product and risk officer for the Treaty Division of HSB, part of Munich Re. "With each added system or connection, there are new vulnerabilities that hackers and other cyber criminals can exploit. Cyber for Auto helps insurers and their customers stay ahead of these new cyber exposures." Cybe
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