The all-in-one product goes beyond traditional identity theft insurance, the company says
BOXX Insurance, a specialist cyber insurtech, announces the launch of MyCyberProtection in the Cyberboxx Home product.
The all-in-one product goes beyond traditional identity theft insurance plans by combining cyber coverage with security tools and emergency assistance, BOXX said.
BOXX also announced the launch of a platform that will be branded by brokers and enable their clients to purchase insurance policies directly from their website.
Built in partnership with and underwritten by HSB, the MyCyberProtection product aims to address emerging cyber risks for US customers driven by digitalization and reliance on online services and social activities, said BOXX.
Cyber crime losses in the US will hit $10.3 billion by 2022, triple the amount seen in 2019, BOXX said.
“Our research highlights that consumers are increasingly aware of the dangers of going online and are looking for a simple and easy all-in-one solution to keep them digitally safe,” said Hilario Itriago, US president for BOXX Insurance. “With broad coverages such as computer attack, cyber ransom, online fraud and cyber bullying, individuals and families can protect themselves from the common risks of living a connected life.”
“BOXX is in the business of protecting people, not just networks and devices,” said Vishal Kundi, co-founder and CEO of BOXX. “This solution delivers on that goal by offering a simple, effortless way to protect individuals, families and important consumer data.”
“Cyber criminals are hacking smartphones, laptops, and other personal devices in greater numbers than ever before,” said Tim Nazzaro, HSB’s cyber product and strategy manager. “BOXX Insurance provides easy access to quality coverage and more, including online cybersecurity tools and services that really make a difference.”
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