BOXX Insurance, a specialist cyber insurtech, has announced the launch of its MyCyberProtection by 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 can be branded by brokers and enables their clients to purchase the insurance policy directly from their website.
Built in partnership with and underwritten by HSB, the MyCyberProtection product aims to address emerging cyber risks for US customers that have been driven by the digitization of and dependency on online services and social activities, BOXX said.
Cyber crime losses in the US hit $10.3 billion in 2022, triple the amount seen in 2019, BOXX said.
“Our research highlights that consumers are increasingly aware of the dangers of being 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 like computer attacks, 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 reflects that purpose by offering a simple, effortless way to protect individuals, families and valuable consumer data.”
“Cyber criminals are hacking into smartphones, laptops, and other personal devices in greater numbers than ever before,” said Tim Nazzaro, cyber product and strategy manager at HSB. “BOXX Insurance is providing easy access to quality coverage and more, including online cybersecurity tools and services that can really make a difference.”
BOXX Insurance was recognized as one of the Top Insurtech Companies in the USA. Read the full report here.
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