On the back of a report by British Insurance firm Legal & General, ‘The Digital Criminal’… News.com.au had an interesting article last week about how Social Network users are likely to face higher Insurance Premiums on their homes. Why? Because of security risks posed by their open-ness on Social Networks.

Sounds a little crazy doesn’t it? but if I was an insurance firm, I’d probably be worried as well… about my clients telling everyone on FaceBook and Twitter (and any other Social Networks they are on), about their daily movements. Users are probably most exposed when it comes to posting the when, where and how long they’re traveling for…status updates.

It’s not just your friends that you should worry about, but it’s also burglars trawling through the sites to glean as much personal information as possible… with the intention of robbing their homes.

According to News.com.au it seems Australians are OK for now, and shouldn’t expect hikes in their home insurance… but how long before this happens in Australia or any other Asia Pacific country for that matter?

On the back of a report by British Insurance firm Legal & General, ‘The Digital Criminal’… News.com.au had an interesting article last week about how Social Network users are likely to face higher Insurance Premiums on their homes. Why? Because of security risks posed by their open-ness on Social Networks.

Sounds a little crazy doesn’t it? but if I was an insurance firm, I’d probably be just as worried… about my clients telling everyone on FaceBook and Twitter (or more Asia focused ones like Mixi, CYWorld or QQ’s QZone), about their daily movements. Users are probably most exposed when it comes to posting the when, where and how long they’re traveling for… status updates.

It’s not just the closely connected friends that users should worry about, but it’s also burglars trawling through the sites to glean as much personal information as possible… with the intention of robbing their homes.

According to News.com.au it seems Australians are OK for now, and shouldn’t expect hikes in their home insurance… but how long before this happens in Australia or any other Asia Pacific country for that matter?