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CHU Enhances Strata Insurance with Cyber Fraud Protection

New Coverage Addresses Growing Digital Threats in Strata Communities

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In response to the escalating digital threats facing strata communities, CHU Underwriting Agencies has integrated cyber fraud coverage into its standard residential strata insurance policies.

This enhancement provides up to $50,000 for losses resulting from social engineering fraud, a prevalent form of cybercrime where perpetrators impersonate trusted contacts to manipulate payment instructions.

Social engineering fraud has become an increasingly common risk, affecting committee members and lot owners through everyday transactions such as invoices, levy notices, and supplier communications. By including this coverage, CHU aims to offer practical protection against these evolving threats.

Steve Tchepak, Head of Underwriting at CHU, emphasised the importance of adapting to the changing risk landscape: "Cyber threats are no longer abstract or confined to large organisations. They occur in everyday transactions, such as invoices, levy notices, and supplier communications."

This proactive measure reflects CHU's commitment to supporting strata communities by anticipating emerging risks and embedding practical protections into their policies. The inclusion of cyber fraud coverage underscores the necessity for strata schemes to be vigilant against digital threats and to ensure their insurance policies provide comprehensive protection in the modern era.

Published:Monday, 8th Jun 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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