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 permits their purchasers to buy the insurance coverage coverage immediately from their web site.
Inbuilt partnership with and underwritten by HSB, the MyCyberProtection product goals to handle rising cyber dangers for US clients which were pushed by the digitization of and dependency on on-line providers 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 searching for 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 pc assaults, cyber ransom, on-line fraud and cyber bullying, people and households can defend themselves from the widespread dangers of dwelling a linked life.”
“BOXX is within the enterprise of defending folks, not simply networks and gadgets,” mentioned Vishal Kundi, co-founder and CEO of BOXX. “This answer displays that goal by providing a easy, easy approach to defend people, households and precious client knowledge.”
“Cyber criminals are hacking into smartphones, laptops, and different private gadgets in better numbers than ever earlier than,” said 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 providers that may actually make a distinction.”
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