High net-worth, high risk: Cyber cover in an age of digital crime
This article was created in partnership with Tokio Marine HCC
When it comes to personal data and security, vigilance is key – especially in a world where AI-driven crimes and cyber threats are on the rise. And for high-net-worth individuals (HNWI), the risk is even more prominent. Globally, the HNWI population is booming, with a 2.6% increase in 2024, according to Capgemini – with research from Campden highlighting that over 25% of these HNWIs, or HNW family businesses, have fallen victim to cyberattacks.
But in a world where companies and individuals are more reliant on technology than ever before, how can we police, protect and prevent these kinds of attacks? And, more importantly, how should people react and respond if they believe their personal data has come under threat?
IB sat down with Tamara Ashjian, vice president of cyber and tech claims & litigation at Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in Houston, Texas. Ashjian deals with the claims of commercial businesses and personal cyber for high-net-worth individuals (HNW) every day. What she sees most often isn’t some high-tech hack…