Digital insurance bundle for assets and devices

1 February 2020 News & Events

The World Economic Forum’s (WEF’s) Global Risks Report 2019 highlights technological instability as a risk. Massive data fraud and theft ranked as the number-four global risk (over a ten-year horizon) and cyber attacks ranked at number five.

The South African Banking Risk Information Centre (SABRIC) states that South Africa currently has the third-highest number of cybercrime victims worldwide. Cyber attacks caused an estimated annual R2.2-billion in losses in South Africa.

“One can easily visualise a person physically breaking into our home or business and we therefore acknowledge the need for locks on doors and alarm systems to detect and deter intruders. However, this is not the case with cyber risks, which are invisible and intangible. Negotiating the road to complete cybersecurity can be frustrating and expensive, so it’s important to align oneself with a service provider that offers a comprehensive end-to-end solution,” says Simon Campbell-Young, CEO of My CyberCare.

He points out that My CyberCare is a specialist provider of personal, and SMME online cyber insurance, cyber detection and cyber monitoring solutions for both local and global consumption and use. “Cyber attacks are an evolving danger, designed to access or destroy sensitive data or extort money. We understand how this can affect people’s lives and we have designed a portfolio of solutions that help users to minimise their risk.

“In a nutshell the My CyberCare is a digital security and online loss of funds insurance bundle solution. It is easily embedded and has been created specifically for consumers and SMMEs. Our solution is multi-tiered and multi-faceted, creating a full protection suite that is scalable for financial institutions, service providers, insurers, telecommunication companies and their respective staff or customers. We also offer it as a Value Added Service (VAS) for organisations seeking non-insured implementation.”

There is a focus on creating value-add for consumers and this is achieved by bundling critical cyber protection components into one digital insurance suite. These include:

1. Cyber defence and detection, on the front end.

2. Cyber education, plus online and dark web monitoring in the middle layer.

3. An insurance or VAS ‘wrapper’ binding the solution together, on the back end.

The security software on the front end is McAfee Total Protection, the middle layer is MyCyberDNA Digital Monitoring, and My CyberCare Loss of Insurance comprises the back end for an extra level of assurance and security.

The monitoring tool implemented by My CyberCare is a live 24/7/365 service running across the web, dark web and chat rooms. It searches for fraudulent input of consumer/company data such as emails, credit cards, mobile numbers and identity documents. “The system also educates and interacts directly with the user, creating clever gamification and intuitive online behaviour assistance. This has resulted in extremely positive feedback from financial institutions,” says Campbell-Young.

“We have also recently launched the solution as an unregulated VAP (Value Added Product). As a result, some of the forward-thinking personal line insurers are looking to embed our solution with existing or new personal line policy holders. You simply cannot afford to not ensure your online assets are protected,” says Campbell-Young.

For more information contact MyCybercare, +27 83 300 3377,

[email protected], www.my-cybercare.com




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Unlock the future of security operations in Bloemfontein
DeepAlert News & Events Surveillance
Security professionals and business leaders are invited to revolutionise their offsite monitoring operations at the DeepAlert Product Road Show, taking place on 16 – 17 September 2025, at the Schoemanspark Golf Club, Bloemfontein.

Read more...
Hytera supports communication upgrade for Joburg
News & Events Infrastructure Government and Parastatal (Industry)
By equipping Johannesburg’s metro police and emergency services with multimode radios which integrate TETRA and LTE networks, Hytera is bridging coverage gaps and improving response times across the city.

Read more...
Your Wi-Fi router is about to start watching you
News & Events Surveillance Security Services & Risk Management
Advanced algorithms are able to analyse your Wi-Fi signals and create a representation of your movements, turning your home's Wi-Fi into a motion detection and personal identification system.

Read more...
ProtecLink 2025: Ithegi Electronics supports a safer, smarter security ecosystem
News & Events
If you are a security buyer, operations lead, or technology partner, do not miss ProtecLink 2025, to be held in Polokwane on 16 September 2025, at the Polokwane Royal Hotel.

Read more...
Secutel maintains ISO certifications
News & Events Fire & Safety
Secutel Technologies has successfully recertified all four of its ISO standards, a reflection of its continued commitment to excellence, client trust, and operational integrity.

Read more...
SABRIC appoints Andre Wentzel as interim CEO
News & Events Financial (Industry) Associations
The South African Banking Risk Information Centre (SABRIC) has announced the appointment of Andre Wentzel as interim chief executive officer, effective immediately.

Read more...
Choicejacking bypasses smartphone charging security
News & Events Information Security
Choicejacking is a new cyberthreat that bypasses smartphone charging security defences to confirm, without the victim’s input or consent, that the victim wishes to connect in data-transfer mode.

Read more...
Paxton cuts emissions by over a third
Paxton News & Events
Paxton has announced a significant reduction in its carbon footprint, cutting emissions by 961 tonnes of CO2e in its 2023 second reporting year.

Read more...
Most wanted malware
News & Events Information Security
Check Point Software Technologies unveiled its Global Threat Index for June 2025, highlighting a surge in new and evolving threats. Eight African countries are among the most targeted as malware leaders AsyncRAT and FakeUpdates expand.

Read more...
Securex gears up for Cape Town
News & Events
Four industry expos debut in Cape Town from 21–23 October, providing access to Africa’s tech hub and a rapidly expanding local market, through a platform covering security, OSH, facilities management, and fire safety solutions in one venue.

Read more...










While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.




© Technews Publishing (Pty) Ltd. | All Rights Reserved.