Friday, June 24, 2022 – As from 7 June 2022, KBC[1] customers can sign up for the new KBC CyberSecure Insurance. This new insurance covers:
The insurance covers increasingly common cyber risks such as phone and text message fraud, WhatsApp fraud (‘whaling’), safe-account fraud and fraud through second-hand websites or auction sites. Compensation can be claimed for financial losses up to the value of 25 000 euros, within specific compensation limits and taking into account a deductible.
Jan Van Hove, Senior General Manager, KBC Insurance, explains the new product: ‘Cybercrime is unfortunately a widespread and increasingly common phenomenon. KBC, the wider financial sector, the media and other stakeholders all provide regular and extensive warnings about online scams. It can often take a while for victims of cyber fraud to even realise that they acted negligently, especially if they only discover that the fraud took place at a later stage. KBC CyberSecure Insurancecan often provide our customers with a safety net.’
A full overview of the product features, compensation limits, exemptions and exclusions, as well as the Insurance Information Document, the General Conditions and practical information for the consumer (‘Good to know’) can be found on the relevant web pages of the KBC website.
[1] ‘KBC’ here also refers to KBC Brussels and CBC
Cover adapted to a changing society
Jan Van Hove continues: ‘We are constantly reviewing our policies and our range of products and services in light of our constantly changing world and circumstances, and we regularly evaluate whether an update to those products would be appropriate. Such is the case for our KBC Internet Protection Insurance, which has been on the market since 2017. After all, the way in which our customers use the Internet and the techniques used by fraudsters online have changed dramatically in the past five years. That’s why we’ve chosen to launch our new KBC CyberSecure Insurance, which takes account of how things have changed.’
The new KBC CyberSecure Insurance is aimed at the digitally active customer and can only be taken out digitally. It protects private customers against financial loss on the insured current account(s) due to scams and fraud. In addition, this insurance also covers financial loss incurred due to online identity theft and it provides psychological support in the event of reputation damage via the Internet. The cover is defined in broad and modern terms, protecting against increasingly common cyber risks such as phone and text message fraud, WhatsApp fraud (‘whaling’), safe-account fraud and fraud through second-hand websites or auction sites.
Customers who have fallen victim to cybercrime should first contact Secure4u, KBC’s cybersecurity department, available 24/7 by calling + 32 16 43 20 00. If it transpires that the customer cannot obtain compensation from KBC Bank, he can fall back on his KBC CyberSecure Insurance, which covers eligible claims up to a maximum of 25 000 euros on all insured accounts combined. The deductible is 10% of the total loss per claim, with a minimum of 100 euros.
Customers who have previously held KBC Internet Protection Insurance can either continue with it or switch to KBC CyberSecure Insurance. KBC CyberSecure Insurance costs 7 euros per month per insured KBC Current Account, or 12 euros for all KBC Current Accounts within a family. Until the end of 2022, customers can temporarily benefit from a discounted rate of 3 euros per month per insured KBC Current Account, or 6 euros per month for all KBC Current Accounts within a family.
Note for the editor
Extensive cover against cyber risks
A full overview of the product features, compensation limits, exemptions and exclusions, as well as the Insurance Information Document, the General Conditions and practical information for the consumer (‘Good to know’) can be found on the relevant web pagesof the KBC website.
. In short, the customer benefits from the following cover:
Good to know
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Disclaimer
KBC Group NV published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 12:05:12 UTC.
Publicnow 2022
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Technical analysis trends KBC GROUPE NV
Short Term | Mid-Term | Long Term | |
Trends | Neutral | Neutral | Bearish |
Income Statement Evolution
Sell Buy | |
Mean consensus | HOLD |
Number of Analysts | 18 |
Last Close Price | 55,92 € |
Average target price | 72,47 € |
Spread / Average Target | 29,6% |
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