Online fraud insurance:
Protect yourself online reliably with Coveron

Online fraud, also known as internet fraud, covers a range of cybercrimes in which scammers deceive users into losing money or giving up sensitive information through malicious tactics. Cybercriminals can use impersonation of reliable individuals and institutions, different types of phishing campaigns, spoofed websites, and social engineering to trick their targets and extract money or data.

Common types of online fraud include:

• Identity theft — criminal activity in which hackers take on another person’s identity and use it for malicious acts, like taking out fraudulent loans or misusing their Social Security number to claim social benefits.

• Impersonation scams — similar to identity theft, cybercriminals may pretend to be representatives of financial institutions, tech support, or other legitimate parties to gain users’ trust and deceive them into disclosing personal information.

• Phishing — a social engineering attack where scammers use deceptive communication, like emails or text messages, to trick users into revealing their login credentials, credit card details, and other sensitive data.

• E-commerce fraud — cybercriminals can create fake shopping platforms or post fraudulent listings on online marketplaces to lure money from customers and steal their payment information.

• Malware — malicious software that infects a device and is used by cybercriminals to track the user’s keyboard input, access sensitive files, or break defense systems.

Coveron's online fraud coverage has several exclusions:

• Fraud between family members. People who coerce their relatives into sending them money.

• Business-related fraud. Scams that are aimed at businesses, like fake invoices or supplier deals.

• Online auctions, lotteries, and gambling. Scams that originate on auction sites, lottery fraud, or gambling scams.

• Investment scams. Ponzi schemes or fake investments promise big returns.

Yes, you can. With online fraud becoming more common, buying online fraud coverage is a wise decision. Many insurance providers offer cyber insurance, which often includes online fraud coverage.

Alternatively, you can choose a service like Coveron, which provides online fraud coverage as part of a comprehensive identity theft protection plan. With our solution, you can safeguard your personal information while protecting yourself from various types of scams. Additionally, you get identity theft insurance and cyber extortion protection to help you bounce back if the unexpected happens.