Mercury Insurance Emphasizes Cybersecurity Best Practices Amid Rising Cybercrime Rates

Rhea-AI Summary

Mercury Insurance (NYSE: MCY) on Oct. 23, 2025 emphasized cybersecurity best practices for National Cybersecurity Awareness Month and highlighted its supplemental home cyber coverage for computer/home system attacks, cyber extortion, and online fraud. The release cites FBI figures of 859,000+ cybercrime complaints and 1.35 billion individuals impacted last year. Mercury recommends strong passwords, 2FA, cautious use of public Wi‑Fi, and limited social sharing, and directs readers to its web page and CISA for more guidance.

Protect Yourself During National Cybersecurity Awareness Month

LOS ANGELES, Oct. 23, 2025 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) recognizes that cyberattacks are on the rise. According to the U.S. Federal Bureau of Investigation (FBI), more than 859,000 cybercrime complaints were filed last year, with over 1.35 billion individuals impacted by data compromises — including breaches, leaks and unauthorized exposures — in the United States alone. In honor of National Cybersecurity Awareness Month, Mercury is highlighting simple steps that can lessen your chances of becoming a victim.

One key area of protection offered by Mercury is supplemental coverage that encompasses computer and home system attacks as well as cyber extortion and online fraud.

"As personal cyberattacks continue to grow in frequency and sophistication, Mercury's supplemental coverage gives policyholders peace of mind," said Adam Bakonis, Senior Product Manager – State, Mercury Insurance. "Our bundled protection can easily be added to homeowners, including condo or renters policies, ensuring consumers have an extra layer of defense."

Here are some practical steps you can take to avoid becoming a victim of a cybercrime:

Password Security

• Use strong, unique passwords: Combine uppercase and lowercase letters, numbers and symbols. Avoid easily guessed information like birthdays, names or common words.
  
  
• Never reuse passwords: Use different passwords for different accounts to limit the damage if one is compromised.
  
  
• Enable two-factor authentication (2FA): This adds an extra layer of security by requiring a second form of verification, such as a code from your phone to log in.

Online Best Practices

• Be wary of unsolicited communication: Scrutinize emails, texts and calls asking for personal information; legitimate organizations like your bank will not ask for this information.
  
  
• Check website security: Look for "https://" in the web address to ensure the site is secure and encrypts your information.
  
  
• Avoid sensitive tasks on public Wi-Fi: These networks are often unsecured and can expose your data to hackers.
  
  
• Limit personal sharing: Be mindful of what you post on social media or share through online quizzes.
  
  
• Think before you click: Suspicious attachments or pop-ups can lead to malware or phishing scams.

As digital threats continue to evolve, awareness and prevention are more critical than ever. Mercury encourages all consumers to take proactive steps toward online safety, as protecting your digital life is just as important as protecting your home.

"Caution does not replace preparedness," said Bakonis. "Supplemental cybersecurity insurance can provide some much-needed peace of mind."

For more information on Mercury's home cyber protection offering, visit its web page and check out Cybersecurity Infrastructure Security Agency (CISA) for cybersecurity best practices.

About Mercury Insurance

Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier predominantly offering personal auto, homeowners, renters and commercial insurance through a network of independent agents in Arizona, California, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury writes other lines of insurance in various states, including commercial, business owners and business auto, landlord, home-sharing, ride-hailing and mechanical protection insurance

Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultra-competitive rates with excellent customer service, through more than 4,200 employees and a network of more than 6,340 independent agents in 11 states. Mercury has earned an "A" rating from A.M. Best, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com. For the latest news, please visit the new Mercury Insurance Newsroom at https://newsroom.mercuryinsurance.com/. For further assistance, contact us at newsroom@mercuryinsurance.com. For more information, visit www.MercuryInsurance.com or follow the company on X, Instagram or Facebook.

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SOURCE Mercury Insurance

FAQ

What supplemental cyber coverage did Mercury Insurance (MCY) announce on Oct. 23, 2025?

Mercury highlighted supplemental home cyber coverage that covers computer and home system attacks, cyber extortion, and online fraud and can be added to homeowners, condo, or renters policies.

How did Mercury (MCY) quantify recent cybercrime trends in its Oct. 23, 2025 release?

The company cited FBI data reporting 859,000+ cybercrime complaints and 1.35 billion individuals impacted by data compromises last year.

What practical cybersecurity steps did Mercury (MCY) recommend to consumers in October 2025?

Mercury recommended strong, unique passwords, two‑factor authentication, avoiding public Wi‑Fi for sensitive tasks, checking for https://, and being wary of unsolicited requests for personal data.

Can Mercury's supplemental cyber protection be added to renters and condo policies (MCY)?

Yes. The release states the bundled supplemental cyber protection can be easily added to homeowners, condo, or renters policies.

Where can investors or policyholders find more information about Mercury's (MCY) cyber offering?

The release directs readers to Mercury's website for details on its home cyber protection and to CISA for additional cybersecurity best practices.

Does Mercury (MCY) claim its cyber coverage replaces consumer cybersecurity precautions?

No. Mercury emphasizes that coverage provides added peace of mind but recommends consumer precautions such as passwords and 2FA in addition to insurance.