There is annual cover of up to Dhs 44,000 available including theft of funds, data restoration or cyber bullying
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Consumers in the UAE can now insure against cybercrimes such as cyberattacks, extortion theft and online scams for safer browsing.
The largest telecommunications operator in the UAE etisalat by e&’s EasyInsurnace can insure the phones, laptops and tablets of UAE residents against different types of cyber risks.
“With Easy Insurance, we provide you with a simple way of insuring your household appliances and reporting your claims. etisalat’s personal cyber insurance that covers you against online bank and credit card fraud, loss of internet purchases, cyber extortion or identity theft and direct economic loss,” said the telecommunications giant on its website.
The telecommunications company already offers travel, health, auto and pet insurance as the company diversifies its portfolio to broaden its revenue base.
UAE residents can insure their devices through four different insurance plans with annual coverage up to $12,000 (Dh44,000), including theft of funds, data restoration or cyberbullying.
Its Platinum insurance plan costs $100 for theft of funds; identity theft; data restoration/malware decontamination; cyberbullying, cyberstalking and damage to reputation; and online purchases and it covers up to $10,000 in damages.
According to the latest figures from cybersecurity leader SonicWall reveal, the UAE saw a 14% drop in the total number of malware attacks in 2022, but the number of attacks in 2022 in the UAE (71 million ) was higher than the combined total in 2019 and 2020 (37.3 million and 19 million, respectively).
Officials say crimes such as bullying, blackmail, extortion, hacking and even ransomware have increased dramatically during digital transformation.
Dr. Mohammed Hamad Al Kuwaiti, head of cybersecurity in the UAE government, earlier warned that UAE residents who use the same password as on their desktop computer, mobile phone or home Wi-Fi network are more vulnerable to cyberattacks. So they should have separate passwords. for every device and network to improve security.
In March, Etisalat partnered with Cyberint to enhance its cybersecurity infrastructure with real-time intelligence and surveillance solutions.