Allstate launches Scam Protection to safeguard workers' finances from rising cyber and crypto fraud

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New workplace benefit reimburses employees up to $50,000 for scams, cybercrime and cryptocurrency losses amid record levels of digital crime Key Takeaways NORTHBROOK, Ill. , Nov. 20, 2025 /PRNewswire/ -- Allstate is helping employers safeguard workers' finances and fight cybercrime with Allstate Scam Protection℠, including a first-of-its-kind reimbursement up to $50,000 when money, including cryptocurrency , is stolen through scams. The coverage is available exclusively through workplace benefits, reaching nearly 7 million employees and their families during open enrollment. Employees can check their workplace benefits or ask their HR team to see if Allstate Scam Protection is offered and how to enroll. Cybercrime is surging, straining household finances and workplace productivity. Allstate Identity Protection recovered $33.2 million in potential identity theft losses for customers in 2024, with the fourth quarter alone costing $9.8 million 1 . New account fraud drove $23.3 million in actual losses last year, while fraudulent applications added $5.5 million in potential exposure. Each identity theft case takes time and resources to resolve, draining employee time and productivity that often overlaps with the workday. This new protection comes as cybercrime spikes during the holiday shopping season, especially around Black Friday and Cyber Monday, when phishing texts, fake retailers and social media scams are rampant. "Scams cost employees time, money and productivity, impacting their families and their finances," said Caroline Slane, senior vice president of business operations at Allstate Identity Protection. "This new scam protection fills a gap by putting money back in people's hands so they can get back on their feet." What does Allstate Scam Protection cover? Allstate Scam Protection goes beyond traditional identity theft products by covering new ways criminals steal money online with fewer exclusions. Here's what's included: Why are employers adding Allstate Scam Protection to benefits packages? Allstate Identity Protection products are already widely available through employee benefits packages at 4,500 companies including a quarter of the Fortune 500. Employers are adding Allstate Scam Protection because: How can consumers protect themselves during holiday shopping season? Holiday scams surge around Black Friday and Cyber Monday. Allstate recommends: Editor's Note: Data is based on identity restoration and threat cases reported by Allstate Identity Protection customers in the US between January 1 and December 31, 2024. Figures cited represent both actual and potential dollar amounts saved.  Actual dollars  reflect financial losses that bad actors successfully accessed and used such as a fraudulent loan or charges made on a stolen credit card.  Potential dollars  represent the remaining financial exposure tied to the fraud , such as the unused portion of a credit limit that a bad actor could still access. This analysis aims to raise awareness about the financial impact of identity theft and the importance of proactive protection during high-risk periods like the holiday season. About Allstate The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with affordable, simple and connected protection for  autos ,  homes , electronic devices , and  identities . Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate has more than 209 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate." For more information, visit  www.allstate.com . 1 Data is based on identity restoration and threat cases reported by Allstate Identity Protection customers in the US between January 1 and December 31, 2024. 2 https://www.ftc.gov/news-events/news/press-releases/2025/03/new-ftc-data-show-big-jump-reported-losses- fraud -125-billion-2024 Contacts: Allstate Media Team [email protected] View original content to download multimedia: https://www.prnewswire.com/news-releases/allstate-launches-scam-protection-to-safeguard-workers-finances-from-rising-cyber-and-crypto-fraud-302621017.html

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