Key Takeaways
- Allstate launches Rip-off Safety, a brand new office profit that covers fashionable digital threats together with scams, ransomware and cryptocurrency theft, that includes first-of-its-kind reimbursement as much as $50,000 for verified rip-off losses.
- Employers flip to Allstate amid record-breaking cybercrime tendencies. The insurer saved prospects $33.2 million final 12 months in potential losses, with vacation buying durations like Black Friday and Cyber Monday driving the steep spikes in fraud claims.
- Allstate Rip-off Safety is obtainable to just about 7 million individuals and their households by way of employer advantages.Corporations are including it to advantages packages to safeguard workers’ private funds throughout open enrollment.
- Protection extends past workers to defend members of the family, together with getting older dad and mom 65 and older, no matter the place they reside.
NORTHBROOK, Unwell. Nov. 20, 2025 – Allstate helps employers safeguard staff’ funds and struggle cybercrime with Allstate Rip-off Safety℠, together with a first-of-its-kind reimbursement as much as $50,000 when cash, together with cryptocurrency, is stolen by way of scams. The protection is obtainable solely by way of office advantages, reaching almost 7 million workers and their households throughout open enrollment. Staff can examine their office advantages or ask their HR crew to see if Allstate Rip-off Safety is obtainable and tips on how to enroll.
Cybercrime is surging, straining family funds and office productiveness. Allstate Id Safety recovered $33.2 million in potential identification theft losses for purchasers in 2024, with the fourth quarter alone costing $9.8 million1. New account fraud drove $23.3 million in precise losses final 12 months, whereas fraudulent functions added $5.5 million in potential publicity. Every identification theft case takes time and assets to resolve, draining worker time and productiveness that always overlaps with the workday.
This new safety comes as cybercrime spikes throughout the vacation buying season, particularly round Black Friday and Cyber Monday, when phishing texts, faux retailers and social media scams are rampant.
“Scams price workers time, cash and productiveness, impacting their households and their funds,” stated Caroline Slane, senior vp of enterprise operations at Allstate Id Safety. “This new rip-off safety fills a niche by placing a refund in individuals’s arms to allow them to get again on their toes.”
What does Allstate Rip-off Safety cowl?
Allstate Rip-off Safety goes past conventional identification theft merchandise by protecting new methods criminals steal cash on-line with fewer exclusions. Right here’s what’s included:
- Reimbursement for scams, digital crimes and social engineering: Consists of limitless claims as much as $50,000 per 12 months.
- Cryptocurrency theft protection: Reimburses stolen crypto ensuing from cybercrime as much as $50,000 per 12 months.
- Internet, e mail and cellular safety: Ensures secure internet shopping, protects and alerts in opposition to fraudulent texts, emails, hyperlinks, robocalls and robotexts.
- Household protection: The profit covers limitless family members, together with teenagers and seniors 65 and older, offering safety for these most weak, even when they dwell outdoors the house.
- Rip-off takedown: Clients can report malicious URLs on to Allstate’s cyber specialists for elimination.
- Private teaching: Particular person classes with Allstate Id Safety specialists to construct tailor-made protection plans for people and households.
Why are employers including Allstate Rip-off Safety to advantages packages?
Allstate Id Safety merchandise are already broadly obtainable by way of worker advantages packages at 4,500 corporations together with 1 / 4 of the Fortune 500. Employers are including Allstate Rip-off Safety as a result of:
- Fraud losses reached $12.5 billion in 2024, in response to the FTC2. Whereas the variety of fraud reviews stayed flat, way more individuals misplaced cash in comparison with the 12 months prior.
- AI has supercharged scams. AI fuels phishing emails, impersonation texts and deepfake voices or movies which can be almost not possible to identify.
- Cybercrime impacts office productiveness. Employees are weak at any time when and wherever they use units, they usually handle fraud restoration throughout work hours when banks and authorities businesses are open.
How can customers defend themselves throughout vacation buying season?
Vacation scams surge round Black Friday and Cyber Monday. Allstate recommends:
- Decelerate earlier than shopping for. Watch out for hard-to-find gadgets on third-party websites and keep away from sellers demanding reward card funds.
- Defend your pockets and identification whereas buying on-line. Pay with bank cards, preserve observe of purchases, replace gadget software program and keep away from clicking hyperlinks in unfamiliar texts or emails.
- Use digital wallets in shops. They encrypt cost data and scale back the possibility of card skimming or information theft.
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Editor’s Notice:
Knowledge is predicated on identification restoration and risk circumstances reported by Allstate Id Safety prospects within the US between January 1 and December 31, 2024. Figures cited symbolize each precise and potential greenback quantities saved. Precise {dollars} mirror monetary losses that unhealthy actors efficiently accessed and used similar to a fraudulent mortgage or fees made on a stolen bank card. Potential {dollars} symbolize the remaining monetary publicity tied to the fraud, such because the unused portion of a credit score restrict {that a} unhealthy actor may nonetheless entry. This evaluation goals to boost consciousness in regards to the monetary impression of identification theft and the significance of proactive safety throughout high-risk durations like the vacation season.
About Allstate
The Allstate Company (NYSE: ALL) protects individuals from life’s uncertainties with inexpensive, easy and linked safety for autos, houses, digital units, and identities. Merchandise can be found by way of a broad distribution community together with Allstate brokers, unbiased brokers, main retailers, on-line, and on the office. Allstate has greater than 209 million insurance policies in drive and is broadly identified for the slogan “You’re in Good Fingers with Allstate.” For extra info, go to www.allstate.com.
1Knowledge is predicated on identification restoration and risk circumstances reported by Allstate Id Safety prospects within the US between January 1 and December 31, 2024.
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