BOXX Insurance Partners With Equifax To Launch $1M ID Theft Coverage

BOXX Insurance, a Toronto-based cyber insurer, has partnered with Equifax Inc. EFX to launch $1 million Identity Theft Protection coverage amidst growing cyber safety concerns.
The holiday season spends to grow between 8.5% -10.5% year-over-year, and e-commerce spends expected over $218 billion, spiking new concerns about cyber security.
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.
The heightened concerns over online privacy, ID theft, and protection have led BOXX to enhance its online protection support with $1 million coverage for Identity Theft and Loss, supported by Equifax.
Price Action: EFX shares closed lower by 0.12% at $282.15 on Monday.

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