2 April, 2024 – OneDegree, known for its digital asset insurance solutions under the OneInfinity brand, has expanded its portfolio with a new cyber insurance offering, targeting a wide range of industries beyond Web3 companies.
The digital domain is facing an unprecedented escalation of cyber threats, with AI technologies presenting both immense potential and novel challenges. The Asia markets are particularly confronted with a critical challenge: a significant portion of cyber risks remains uninsured or underinsured. Addressing this gap is imperative to fortify businesses against the growing tide of AI-driven cyber threats.
Recognizing the urgent need for evolved cyber protection, OneInfinity Cyber Insurance is specifically designed to confront this dual-edged reality, offering comprehensive coverage that spans both traditional cybersecurity events and the unique challenges introduced by AI-driven cyber threats.
Additionally, OneInfinity Cyber Insurance sidesteps the traditionally cumbersome and outdated cyber insurance underwriting process with its technology-first approach. By integrating Cymetrics’ advanced cybersecurity exposure scanning solution, it enables real-time risk assessment and scoring within its underwriting process. This modern approach offers a fast and fuss-free application experience with instant policy issuance for eligible companies.
Alex Leung, Co-Founder of OneDegree, says, “As we navigate through an era where digital threats are evolving at an unprecedented pace, it’s clear that traditional cyber insurance solutions are no longer sufficient. With the launch of OneInfinity Cyber Insurance, we at OneDegree are not just responding to the market’s demand for more comprehensive coverage; we’re anticipating the future needs of businesses across Asia. OneInfinity is more than insurance—it’s a partnership in resilience, designed to ensure that businesses can thrive in the digital age with confidence.”
Beyond offering financial recovery post-incident, the OneInfinity Cyber Insurance has partnered with Blackpanda to provide professional incident response services and Cymetrics to offer proactive cyber risk monitoring solution to its clients. Detailed insights and actionable recommendations to address vulnerabilities are included with the Cymetrics assessment reports, ensuring that OneInfinity Cyber Insurance clients are not just insured, but also informed and one step ahead of potential threats.
For further information about OneInfinity Cyber Insurance and the technologies that power it, please visit https://cyberinsurance.onedegree.hk.
