BOXX Insurance coverage Launches Cyber Safety Product | Insurance coverage Enterprise America
The all-in-one product goes past conventional id theft insurance coverage, based on the corporate
BOXX Insurance coverage, an organization specialised in cyber insurance coverage, has introduced the launch of its MyCyberProtection by Cyberboxx Residence product.
The all-in-one product goes past conventional id theft insurance policy by combining cyber safety with safety instruments and emergency response, BOXX mentioned.
BOXX additionally introduced the launch of a platform that brokers can model, permitting their prospects to buy the insurance coverage coverage immediately on their web site.
Developed in collaboration with and supported by HSB, the MyCyberProtection product goals to handle rising cyber dangers for US prospects brought on by digitization and dependence on on-line providers and social actions, mentioned BOXX.
In line with BOXX, cybercrime losses within the US totaled $10.3 billion in 2022, 3 times the quantity in 2019.
“Our analysis exhibits that buyers have gotten extra conscious of the risks of being on-line and are on the lookout for a easy and simple all-in-one resolution to make sure their digital safety,” mentioned Hilario Itriago, U.S. President of BOXX Insurance coverage. “With complete safeguards, corresponding to laptop assaults, cyber ransomware, on-line scams and cyberbullying, people and households can defend themselves from the widespread dangers of related dwelling.”
“BOXX is about defending individuals, not simply networks and gadgets,” mentioned Vishal Kundi, co-founder and CEO of BOXX. “This resolution displays that goal by offering a easy and easy strategy to defend people, households and priceless shopper information.”
“Cyber criminals are hacking into smartphones, laptops and different private gadgets in better numbers than ever earlier than,” mentioned Tim Nazzaro, cyber product and technique supervisor at HSB. “BOXX Insurance coverage offers quick access to high quality insurance coverage protection and extra, together with on-line cybersecurity instruments and providers that may actually make a distinction.”
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