Monday, May 22, 2023
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BOXX Insurance coverage launches cyber safety product

BOXX Insurance coverage launches cyber safety product | Insurance coverage Enterprise America

All-in-one product goes past conventional id theft insurance coverage, firm says

BOXX Insurance launches cyber protection product

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 coverage 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 permits their purchasers to buy the insurance coverage coverage straight from their web site.

Inbuilt 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 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 hazards of being on-line and are on the lookout for a easy and simple 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 linked life.”

“BOXX is within the enterprise of defending individuals, not simply networks and units,” stated Vishal Kundi, co-founder and CEO of BOXX. “This resolution displays that objective by providing a easy, easy option 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,” stated Tim Nazzaro, cyber product and technique supervisor at HSB. “BOXX Insurance coverage is offering easy accessibility to high quality protection and extra, together with on-line cybersecurity instruments and companies that may actually make a distinction.”

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