Online Damage – Is Phishing Insurance Part of Household Consumption?
Insurers are increasingly recognizing that protection against online attacks is becoming more and more important and putting the topic of “online damages” and “pharming and phishing insurance” at the forefront of their service offering. In particular, the misuse and spying of account data as well as problems in the context of online trading in the online area for insecurity, as currently seen here , for example .
With the introduction of new analysis criteria in household insurance, we also create clarity for this area of coverage in detail and can set positive and negative regulations from the insurers’ conditioners. We summarize the features under the main criterion “online damages”.
Phishing insurance against spying and misuse of account information
We assess risks such as phishing and pharming in various detail criteria. Phishing is when unauthorized third parties use fake emails to obtain confidential access and identification information. Pharming, on the other hand, targets the unauthorized interception of secret data by fake websites. With the obtained data unauthorized actions in the on-line traffic are made under the identity of the owner. In addition to the scope, we also examine the amount of the compensation limit. The margins range from 250 to 10,000 EUR.
The use of Trojans or the so-called skimming give further possibilities to spy out the account data. Therefore, a positive assessment should be made, even if insurance cover exists for these cases. It is checked whether financial losses of the policyholder are taken over, if unauthorized third parties obtain access and identification data through Trojans and carry out unauthorized activities in online traffic. Or if by skimming, ie by manipulation of ATMs or readers map data and PIN of the policyholder are spied out and with this data in banking abuse is made.
Online trading also gateway to cybercrime
In online trading, there may be a variety of risks to buyers. For example, the lack of or failure to deliver goods, the possible absence of repayment of the purchase price in case of legitimate return and the risk of insolvency of the seller, are desirable insurance benefits. Not always included are purchases via auction portals in the context of auctions.
Other services of the household insurance providers
A few insurers also pay for damages caused by stealing the online account data in the event of a burglary. In addition, initial consulting services are offered if copyright infringements are accused.
Conclusion: So far “phishing insurance” most common
The dangers of using the Internet are increasingly becoming the focus of insurers. However, the range of comprehensive cyber protection is still manageable, especially in the context of home contents insurance. The most widespread so far is the “phishing insurance” – the assumption of damage by spying and misuse of account data.
However, an expansion of the offer is foreseeable. Our in-depth analysis of online damage makes it easy to track which insurers are moving ahead.