Listen to this articleOmniWatch expanded its protection plans to cover 94% of FBI-tracked cybercrime categories, including scams and fraud types that banks often refuse to reimburse. The company now offers up to $25,000 in scam and ransomware coverage without deductibles, alongside access to live recovery specialists who assist victims through the recovery process.
Cybercrime Changes Faster Than Traditional Protection
Cybercrime losses in the United States continue to rise at a rapid pace. According to the FBI’s 2025 Internet Crime Report, Americans filed more than 768,000 cybercrime complaints in 2025, with reported losses reaching $20.9 billion. The figure marks a 26% increase compared to the previous year. Average reported losses climbed to $20,699.
The nature of cybercrime has also shifted. Identity theft no longer centers only on stolen credit cards or fraudulent account openings. Fraud schemes now include AI-generated voice scams, ransomware attacks, business email compromise, and social engineering tactics that pressure victims into sending money themselves.
OmniWatch announced an expansion of its scam reimbursement insurance and ransomware coverage across its Standard plans. The company said the update extends protection to 94% of the cybercrime categories tracked by the FBI in 2025.
Steven Gray, CEO of OmniWatch, described the change in cybercrime tactics as a major reason behind the update.
“Identity theft used to mean someone opening a credit card in your name. Today it means a convincing AI-generated voice call that persuades your grandmother to wire her retirement savings overseas, or a ransomware attack that holds your family’s photos hostage for thousands of dollars. The definition of protection has to evolve with the threat, and we built OmniWatch to cover the world that actually exists.”
The Insurance Gap Most Scam Victims Discover Too Late
Many identity protection services continue to focus on older forms of financial crime, particularly data breaches and traditional identity theft. OmniWatch stated that these categories now represent only a small share of the cybercrime incidents consumers experience today.
The FBI’s data shows that investment fraud alone accounted for $6.6 billion in losses during 2025. Business email compromise added another $2.8 billion. Tech support scams, romance fraud, and government impersonation schemes collectively generated more than $2.5 billion in reported losses.
One of the largest issues involves authorized push payment fraud, commonly known as APP fraud. In these cases, victims voluntarily send money after being manipulated by scammers through impersonation, deception, or pressure tactics.
Banks often classify these transfers as authorized transactions because the victim initiated the payment. As a result, reimbursement claims are frequently denied, leaving consumers responsible for the losses.
OmniWatch said its expanded coverage addresses this gap directly by covering APP fraud across the majority of FBI-tracked cybercrime categories.
OmniWatch Expands Coverage Across the Cybercrimes Consumers Face Most
The company stated that its coverage now applies to cybercrime categories representing 94% of the incidents filed with the FBI in 2025.
Covered categories include:
- Investment scams
- Lottery, sweepstakes, and inheritance scams
- Business email compromise
- Identity theft
- Tech and customer support fraud
- Advanced fee scams
- Personal data breaches
- Extortion
- Confidence and romance scams
- Ransomware
- Government impersonation
- Non-payment and non-delivery fraud
- Overpayment scams
- Data breaches
- Malware
- Employment scams
- SIM swap attacks
- Credit card and check fraud
- Botnet activity
- Real estate scams
- Phishing and spoofing
- Charity scams
OmniWatch said entry-level plans now include up to $25,000 in scam insurance coverage alongside $25,000 in ransomware coverage. The company also emphasized that the coverage comes without deductibles.
The reimbursement limits exceed the FBI’s reported average cybercrime loss figure of roughly $20,000. OmniWatch also stated that the coverage amount is more than double what many competing providers offer.
The expanded protections are available immediately to both existing and new subscribers.
Why Traditional Identity Theft Policies Struggle With Modern Fraud
Traditional identity protection products were largely built around credit fraud and unauthorized account activity. OmniWatch argued that these models no longer reflect the forms of cybercrime that dominate consumer losses today.
Modern fraud schemes increasingly rely on manipulation instead of direct account theft. AI voice impersonation scams, fake support calls, and fraudulent investment opportunities target victims through persuasion rather than technical intrusion alone.
The company stated that many insurance products fail to cover these scenarios because the transactions appear authorized from the bank’s perspective.
OmniWatch positioned its expanded protection as a response to how cybercrime has evolved. The company said financial recovery needs to account for the broader range of scams consumers now face rather than focusing narrowly on stolen identities or leaked personal information.
The Hidden Costs That Continue After the Scam Ends
The financial impact of cybercrime often extends beyond the original theft or fraudulent transfer.
Victims may spend weeks resolving disputes, restoring accounts, and completing documentation required by financial institutions and government agencies. Additional expenses can include legal fees, notary costs, and lost wages caused by time away from work.
OmniWatch said these downstream costs are frequently excluded from competing policies. Its plans include reimbursement for eligible legal fees and lost wages connected to covered incidents.
The company also highlighted pricing transparency as part of the update. OmniWatch pricing plans do not rely on discounted introductory pricing followed by higher renewal rates. Annual pricing remains available at a reduced rate for subscribers who choose longer billing periods.
When Automated Support Fails, Human Recovery Specialists Step In
Resolving fraud claims often requires coordination across multiple organizations under stressful conditions. Victims may need to contact banks, file government reports, complete paperwork, and respond to urgent requests while dealing with financial and emotional pressure.
OmniWatch said subscribers receive access to live identity theft recovery specialists who help manage the process directly.
According to the company, specialists can:
- Contact banks on behalf of subscribers
- File required fraud reports
- Complete documentation
- Coordinate recovery efforts
- Manage communication during the resolution process
Balazs Wellisch, CTO of OmniWatch, described the aftermath of scams as highly disorienting for victims.
“The moment after someone realizes they’ve been scammed is one of the most disorienting experiences imaginable. You’re not thinking clearly. You don’t know who to call or what to say. Having a real person pick up the phone, take over, and tell you ‘we’ve got this’ is not a feature. It is the product.”
Cybercrime Protection Moves Beyond Identity Theft
The expansion of OmniWatch’s coverage reflects how consumer cybercrime continues to move beyond traditional identity theft.
FBI reporting data shows that scam-related financial crimes now account for a significant share of consumer losses in the United States. Investment fraud, impersonation schemes, ransomware attacks, and APP fraud increasingly shape the financial risks consumers face online.
OmniWatch said its updated plans are designed around those realities, extending scam reimbursement and ransomware protection across all subscription tiers without deductibles or renewal price increases.
The expanded coverage is now active for current subscribers, while new customers can enroll directly through OmniWatch.
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