The insurance will cover legal expenses, identity-restoration costs and lost wages if your ID is stolen.
Sony admitted last week that 101.6 million accounts were compromised by two "highly sophisticated attack" on Sony's servers on April 17th.
Today, the company has outlined its plans for similar protection for European users affected by the downtime.
As I have explained previously, creating a similar offering for the many countries within the SCEE region is a very complicated process. Each country has a different way of handling identity theft; some offer relatively sophisticated services whilst others are much more modest.
We are currently in the process of identifying how we manage this situation and once the programme is ready to launch, we will provide details of exactly which services are available in each country and explain how to sign up. We hope to do this early next week.