All-in-one product goes past conventional identification theft insurance coverage, firm says
BOXX Insurance coverage, a specialist cyber insurtech, has introduced the launch of its MyCyberProtection by Cyberboxx Residence product.
The all-in-one product goes past conventional identification theft insurance policy by combining cyber protection with safety instruments and emergency help, BOXX stated.
BOXX additionally introduced the launch of a platform that may be branded by brokers and allows their purchasers to buy the insurance coverage coverage instantly from their web site.
Inbuilt partnership with and underwritten by HSB, the MyCyberProtection product goals to deal with rising cyber dangers for US clients which were pushed by the digitization of and dependency on on-line providers and social actions, BOXX stated.
Cyber crime losses within the US hit $10.3 billion in 2022, triple the quantity seen in 2019, BOXX stated.
“Our analysis highlights that buyers are more and more conscious of the risks of being on-line and are in search of a easy and straightforward all-in-one resolution to maintain them digitally secure,” stated 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 shield themselves from the widespread dangers of dwelling a related life.”
“BOXX is within the enterprise of defending individuals, not simply networks and gadgets,” stated Vishal Kundi, co-founder and CEO of BOXX. “This resolution displays that function by providing a easy, easy method to shield people, households and helpful shopper information.”
“Cyber criminals are hacking into smartphones, laptops, and different private gadgets in larger numbers than ever earlier than,” stated 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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