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TORONTO, Jan. 30, 2024 /PRNewswire/ -- Award-winning global insurtech BOXX Insurance, which combines cyber insurance and security, has announced the launch of a cutting-edge cyber risk mitigation solution in collaboration with AXA, aimed at providing crucial support to small businesses. Recognizing the urgent need for comprehensive cyber threat protection for small businesses, BOXX Insurance has developed an easy-to-use solution designed to help businesses better predict and prevent potential cyber attacks.
"Small businesses often face significant challenges in ensuring adequate support against cyber risks, which can have devastating consequences for their operations," said Vishal Kundi, CEO and Founder of BOXX Insurance. "Driven by our mission to make the world a digitally safer place, we conducted in-depth research to understand the specific needs of small businesses. The findings underscored the importance of not only responding to and recovering from cyberattacks, but also to predict and prevent them. Kundi added.
The newly launched solution focuses on risk mitigation by improving small businesses' ability to predict and prevent cyber risks delivered in partnership with AXA through:
External Perimeter Assessment: Enterprises receive a cyber risk score based on scanning their external attack surface, along with a breakdown of contributing factors and a benchmark against industry peers.
Compromised Credential Alerts: Users benefit from 24/7 dark web monitoring to identify compromised credentials, such as email addresses, credit card numbers, and bank account details, with expert advice to respond to breaches. personal information.
Employee awareness and training: The solution offers digital risk assessments and cyber awareness training to gauge critical risk exposure based on business operations. Training modules include on-screen and downloadable information, short videos, and self-assessments.
Incident Response: In the case of a cyberattack, users can access a space where they can have guidance on the actions to follow to respond to an incident.
"Recognising that 80% of cyber attacks stem from inadequate security measures, this new solution enables businesses to proactively combat cyber threats. Through the provision of real-time alerts, digital risk assessments and ongoing training. We are proud to present this indispensable tool to support our clients, initially launched in Spain today," said Alfonso Zayas Satrustegui, AXA Seguros Spain. "By offering businesses a dynamically updated task list for sustained protection and equipping team leaders with a reporting dashboard to monitor progress, we provide a powerful tool that ensures the digital safeguarding of our valued customers."
"AXA's Future Risks Report highlights the growing threat posed by cyber threats," Kundi said. "While 68% of people recognize their vulnerability to cyber risks, an overwhelming 90% of experts agree that the potential for a massive global cyberattack is significant. BOXX is proud to collaborate with AXA to deliver a comprehensive solution that address the changing needs of your customers, fortifying them against these growing risks."
BOXX Insurance remains committed to its mission of making the digital world safer for everyone. Through this innovative partnership with AXA, small businesses can now take advantage of advanced cyber risk prevention tools to protect their operations and stay one step ahead in an ever-evolving digital landscape.
About BOXX Insurance
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. BOXX is a privately held company headquartered in Canada with offices in Toronto, Miami, Zurich, Dubai and Mumbai. BOXX Insurance is an award-winning global cyber protection and insurance provider.
We are not the typical company. That's by design. We are serious about making the world a digitally safer place; create real, positive change for our customers and partners, and build a lasting legacy, from what we create, within BOXX.
Every day we improve the digital health of companies, families and individuals around the world who rely on BOXX solutions and services to predict, prevent and protect themselves against cyber threats.
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