File Image: The Foschini Group
File Image: The Foschini Group

TFG now offers customers cyber insurance for mobile devices

By Staff reporter Time of article published Feb 6, 2018

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CAPE TOWN - TFG (The Foschini Group) and local cyber insurance company Mycybercare have partnered to give customers buying cellphones from TFG cyber insurance. 

This means that if you purchase the cellular deal from TFG during the offer period of 1 February to 30 April 2018, you will be protected and covered for financial losses incurred due to online cyber fraud. 

This includes fraudulent online purchases, virus attacks, fraudulent EFTs, phishing scams, fraudulent in-app purchases, as well as tap & pay fraud. 

The following devices are available with the deal: Nokia, Hisense, selected Samsung, Sony, Mobicel and hi Ace and hi Pulse devices.

 “This is a massive deal for us, as well as a huge game changer for the retail group,” says Simon Campbell-Young, CEO of Mycybercare.

 “Together, we are offering their customers a huge value-add. TFG is the first to offer this value to its customers, and this will no doubt position them as a leader and innovator in this space.”

 In terms of Mycybercare, he says people around the world are waking up to the fact that cyber insurance is becoming a necessity. 

“Today, we use our mobile devices for a plethora of activities. From online shopping, banking, buying a cup of coffee and sharing our lives on social media, to conducting business communications and transactions. Phones are now essential to our daily lives.”

 However, he says the more connected we are, the more vulnerable we are to cyber attack.

 “It is way too easy to misplace a phone or leave it on a table where it is vulnerable to theft. And with that phone goes all your most private and sensitive information.”This is why connected users need cyber insurance, he says. 

“Cellphones are becoming increasingly attractive targets for cybercriminals. The proliferation of applications that are used for a variety of activities, and the increasing connectivity of devices, are giving cyber thieves a range of new opportunities and vulnerabilities to exploit.”

“We continually look for ways to differentiate our product offer and to add value to our customers.  Partnering with Mycybercare and offering customers free cyber insurance at the time when this is becoming a real threat to customers, was yet another reason for customers to shop at hi and enable them to live their smart lives” says John Ledger, Head of hi, the mobile division of TFG.

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