Italian insurance provider Wallife Group is preparing to offer its digital identity theft insurance product in the UK market. The product covers policyholders if their digital identities are compromised, for example their social media accounts or financial savings are accessed illegally.

Bruno Ferreira, chief growth officer at Wallife, said: “The UK is one of the world’s leading digital economies, and its population develops and adopts new online technologies and products very quickly.

“As a result, British people are more at risk from the new, emerging threats that arise from innovation than many other groups, which is why we’re keen to offer them digital identity theft insurance and peace of mind.”

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