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DBS Hong Kong offers customers cyber insurance

Source: DBS

With a digitally active population that is spending more of their lives online, there is an increasing need to protect against the risks of cyberbullying and cybercrimes, like identity theft, hacking, cyberstalking and harassment, which are a growing concern around the world, including Hong Kong.

To help guard against cyber risks in a constantly evolving digital world, DBS, which has been crowned World’s Best Digital Bank twice by Euromoney, today became the first bank in Hong Kong to offer financial support for trauma counselling, legal consultation and action, tech support and other urgent needs. For as little as HK$1 a day, CyberOne, underwritten by Chubb Insurance, provides comprehensive coverage against cyberbullying, online privacy invasion and identity theft, with access to a dedicated 24-hour hotline and a team of trauma counselling specialists, legal experts and tech support.

CyberOne is part of DBS Bank (Hong Kong)’s new microinsurance offering, which also includes PassengerOne for medical coverage and compensation, TravelOne for worry-free travels, and PurchaseOne for safe shopping.

Terry Li, Executive Director and Head of Bancassurance, Consumer Banking Group and Wealth Management, of DBS Bank (Hong Kong), said, “The more people, especially young people, connect, communicate and consume digitally, the more opportunities there are for cybercrimes to proliferate. Knowing how to protect against cyber threats is the first line of defence, and we believe CyberOne can equip those who are vulnerable with the means to protect themselves for a more safe and smart online experience.”

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