BOXX Insurance partners with Equifax to launch US$1M ID Theft Coverage amidst surging cyber safety concerns in record-breaking online holiday-shopping year

  • BOXX Insurance announces US$1m Identity Theft Protection coverage with Equifax in latest product release

  • E-commerce & holiday-season spend expected to break new records, spiking new concerns about cyber security

  • BOXX recently announced a global partnership with Zurich Insurance

Toronto-based cyber insurer BOXX Insurance (“BOXX”) partnered with Equifax to launch US$1m Identity Theft Protection coverage amidst growing cyber safety concerns in what is set to be a record-breaking online holiday-shopping year.

Holiday season spend is set to grow between 8.5% -10.5% this year compared to last year, with e-commerce spend expected to break new records hitting over US$218bn.

Consumers continue to turn to online shopping with spending during the holiday season increasing 5% over the three-day Thanksgiving weekend period, compared to a year earlier.

With 87% of consumers planning to shop online during the holiday season (13% more compared to 2020), concerns around cybersecurity and protection online have also escalated – with 63% of consumers more alarmed than ever about their privacy online. With 83% of consumers wanting to do more to protect their privacy, worryingly 46% of consumers would have no idea what to do if their identity was stolen.


BOXX launches new $1m ID Theft Cover

The heightened concerns over online privacy, ID theft and protection have led BOXX to enhance its online protection support with $1m coverage for Identity Theft and Loss, supported by Equifax.

Said Vishal Kundi, Co-founder & CEO of BOXX: “Consumers are increasingly looking for simple and affordable solutions to protect themselves and their families online – to prevent potential attacks, get assistance should an incident occur, and help recovering after an attack has happened. We are seeing significant appetite for the type of assistance and insurance services we provide for both individuals and their families, as well as for small and medium sized business who need support to improve their protection against attacks online. By helping our customers through the complete journey we are able to provide the right level of support at the right time, based on our customers’ unique needs.”

About BOXX Insurance

BOXX Insurance Inc. helps businesses and families insure and defend against cyber threats. BOXX Insurance Inc. is privately-held with headquarters in Toronto, Canada. BOXX’s vision is to help businesses, individuals and families stay ahead of, respond to and recover from cyber threats, putting their digital safety first.

About Equifax

Equifax believes knowledge drives progress. As a global data, analytics, and technology company, Equifax plays an essential role in the global economy by helping financial institutions, companies, employees, and government agencies make critical decisions with greater confidence. Their unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward.

Related Posts

News You can now insure your kids and family members against cyberbullies

You can now insure your kids and family members against cyberbullies

Canadian Broker Network has aligned with BOXX to ensure its personal clients across Canada have access to this important protection.

News ‘Tis the season to be safe’ – BOXX Insurance launches Cyberboxx Home

‘Tis the season to be safe’ – BOXX Insurance launches Cyberboxx Home

BOXX Insurance announced the launch of its latest cyber product, Cyberboxx Home, designed for consumers and families.


Sign up for the BOXX Insurance Newsletter

Get the latest updates about Cyber Insurance and Protection with our newsletter.