Personal Cyber Insurance Added to Homeowner Policy

Personal Cyber Insurance Added to Homeowner Policy

In an effort to help individuals who have been the victim of cybercrimes, Saga, an insurance provider, today announced it will now include Personal Cybercrime coverage in its insurance policies. The coverage will protect individuals against risks from their personal devices.

According to Saga, the proposition to launch personal cybercrime insurance to the market is the first of its kind. In a recent study conducted by Saga, the company found that 72% of its 11,300 customers over the age of 50 feel at risk of either a cyber-scam or online fraud. In response to that growing concern, the company will also offer help and advice to protect people falling victim to cyber-criminals.

The research also found that 75% of Saga members use the web for both online shopping and banking despite the concerns about online threats. Users continue to book vacations, reserve hotel rooms and share personal information via social media platforms.

By Kacy Zurkus

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