Global cyber insurtech leader BOXX Insurance has partnered with AXA to introduce a new cyber insurance risk prevention solution for small businesses. The collaboration aims to strengthen small enterprises against the increasing cyber-attack threats by providing a comprehensive suite of proactive measures.
Acknowledging the challenges small businesses face in obtaining robust cybersecurity support, BOXX Insurance has unveiled a user-friendly cyber risk mitigation offering. The initiative is designed to respond to and recover from cyber-attacks while emphasizing the importance of predicting and preventing them.
Vishal Kundi, CEO and Founder of BOXX Insurance, highlighted the challenges small businesses face in securing adequate protection. Focused on enhancing global digital safety, BOXX Insurance conducted extensive research to understand the specific needs of small businesses.
“In-Depth Research”
“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 cyber attacks but also predicting and preventing them,” Kundi added.
The cyber risk prevention solution includes External Perimeter Scanning Assessment. This provides companies with a cyber risk score and benchmarking against industry peers. Dark web monitoring offers 24/7 alerts for compromised credentials, while digital risk assessments and cyber awareness training enhance employee preparedness. In the event of a cyberattack, users can access an Instant Response Wallet for guidance on necessary actions.
Alfonso Zayas Satrustegui, AXA Seguros España, highlighted the need for businesses to combat cyber threats proactively. He cited the AXA Future Risk Report, revealing that 80% of cyber breaches result from inadequate security measures. The comprehensive solution promises real-time alerts, ongoing training, and digital risk assessments, empowering businesses to tackle cyber threats.
BOXX Insurance’s collaboration with AXA aims to address the evolving needs of its clients, providing a dynamic tool for digital safeguarding. Through this partnership, small businesses can leverage advanced cyber risk prevention tools to protect their operations. Allowing them to face the ever-changing cyber threats, never walking alone in the face of digital danger. BOXX Insurance remains committed to making the digital world safer for all. The cyber risk prevention solution is initially launching in Spain, with plans for broader implementation in the future.
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