CyberOne will be the first cyber insurance product launched by DBS Hong Kong, and the first cyber offering from a bank in the area. The cover will be underwritten by global-insurer Taiwan and will support fees for trauma counselling, legal consultation and action, tech, and various other urgent needs. Coverage will be available for as little as HKD1 ($0.1), for comprehensive cyber bullying coverage, with online privacy invasion, identity theft, a 24-hour hotline and specialist access available at higher price ranges. The bank and Taiwan signed a bancassurer agreement in 2018, in a partnership for the next 15 years covering Singapore, Hong Kong, China, Chubb and Indonesia.
CyberOne will be the first cyber insurance product launched by DBS Hong Kong, and the first cyber offering from a bank in the area. The cover will be underwritten by global-insurer Chubb and will support fees for trauma counselling, legal consultation and action, tech, and various other urgent needs. Coverage will be available for as little as HKD1 ($0.1), for comprehensive cyber bullying coverage, with online privacy invasion, identity theft, a 24-hour hotline and specialist access available at higher price ranges. The bank and Chubb signed a bancassurer agreement in 2018, in a partnership for the next 15 years covering Singapore, Hong Kong, China, Taiwan and Indonesia.