OmniWatch expands scam and ransomware coverage to Standard plans

By AI, Created 2:46 PM UTC, May 28, 2026, /AGP/ – OmniWatch says its updated insurance now covers scams and ransomware across 94% of FBI-tracked cybercrime categories, with up to $25,000 in reimbursement and no deductible. The company is targeting the gap between how consumers lose money online and how most identity protection policies pay out.

Why it matters: - OmniWatch is trying to cover the types of cybercrime that most often hit consumers, including scams that banks often refuse to reimburse when the victim authorized the transfer. - The expanded coverage could reduce out-of-pocket losses from fraud, ransomware and related recovery costs. - The company is also positioning transparent pricing and no deductible as a contrast to policies that exclude many scam losses.

What happened: - OmniWatch announced that scam reimbursement insurance and ransomware coverage are now included in Standard plans. - The update is effective immediately for new and existing OmniWatch subscriptions. - Current subscribers do not need to take any action to receive the expanded coverage. - New subscribers can enroll at omniwatch.com.

The details: - OmniWatch says the expanded coverage reaches 93.6% of FBI-tracked cybercrime categories, which it describes as 94% of the categories filed with the FBI in 2025. - The entry-level OmniWatch plan includes up to $25,000 in scam insurance and $25,000 in ransomware coverage. - OmniWatch says both limits exceed the FBI’s $20,699 average reported loss in 2025. - The company says the coverage applies to authorized push payment fraud, where victims are manipulated into sending money themselves and banks often treat the transfer as authorized. - Covered categories listed by OmniWatch include investment fraud, lottery/sweepstakes/inheritance scams, business email compromise, identity theft, tech/customer support scams, advanced fee scams, personal data breach, extortion, confidence/romance scams, ransomware, government impersonation, non-payment/non-delivery, overpayment, data breach, malware, employment scams, SIM swap, credit card/check fraud, botnet, real estate, phishing/spoofing and charity scams. - OmniWatch says most of those categories fall outside traditional identity theft policies. - The company says eligible subscribers can also claim reimbursement for legal fees and lost wages tied to resolving a covered incident. - OmniWatch says those costs are usually excluded from competing policies. - The company says annual pricing is available at a discount. - OmniWatch says pricing stays consistent at renewal and does not include surprise rate hikes.

Between the lines: - The announcement reflects a broader shift in consumer fraud, where losses now come more often from scams and social engineering than from classic identity theft alone. - OmniWatch is framing the product as recovery support, not just reimbursement, by pairing insurance with live recovery specialists. - That approach targets a pain point for victims: the administrative burden that starts after the money is already gone. - CEO Steven Gray said protection has to evolve with AI-enabled scams and ransomware because the threat landscape has changed. - CTO Balazs Wellisch said the moment after a scam is discovered is often disorienting, which is why a human specialist is central to the service.

What’s next: - OmniWatch says the expanded coverage is now part of all plans already in market. - The company is likely to use the move to compete on broader scam coverage as fraud losses continue to rise. - Consumers and financial institutions will keep facing disputes over which scam losses are reimbursable and which are not.

The bottom line: - OmniWatch is betting that broader coverage, no deductible and hands-on recovery help will appeal to consumers who are frustrated by policies that stop at traditional identity theft.