All-in-one product goes past conventional id theft insurance coverage, firm says
BOXX Insurance coverage, a specialist cyber insurtech, has introduced the launch of its MyCyberProtection by Cyberboxx Dwelling product.
The all-in-one product goes past conventional id theft insurance policy by combining cyber protection with safety instruments and emergency help, BOXX mentioned.
BOXX additionally introduced the launch of a platform that may be branded by brokers and allows their shoppers to buy the insurance coverage coverage instantly from their web site.
In-built partnership with and underwritten by HSB, the MyCyberProtection product goals to handle rising cyber dangers for US prospects which were pushed by the digitization of and dependency on on-line companies and social actions, BOXX mentioned.
Cyber crime losses within the US hit $10.3 billion in 2022, triple the quantity seen in 2019, BOXX mentioned.
“Our analysis highlights that customers are more and more conscious of the risks of being on-line and are in search of a easy and straightforward all-in-one answer to maintain them digitally protected,” mentioned Hilario Itriago, US president for BOXX Insurance coverage. “With broad coverages like laptop assaults, cyber ransom, on-line fraud and cyber bullying, people and households can shield themselves from the frequent dangers of residing a related life.”
“BOXX is within the enterprise of defending individuals, not simply networks and units,” mentioned Vishal Kundi, co-founder and CEO of BOXX. “This answer displays that function by providing a easy, easy technique to shield people, households and worthwhile client knowledge.”
“Cyber criminals are hacking into smartphones, laptops, and different private units in better numbers than ever earlier than,” mentioned Tim Nazzaro, cyber product and technique supervisor at HSB. “BOXX Insurance coverage is offering quick access to high quality protection and extra, together with on-line cybersecurity instruments and companies that may actually make a distinction.”
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