Onsurity, a Bengaluru-based employee healthcare provider, has partnered with DBS Bank India to offer CyberSure, a cyber protection plan tailored for Small and Medium Enterprises (SMEs) owners across India. The Memorandum of Understanding (MoU) is signed at the recently concluded Global Fintech Festival.
CyberSure offers a suite of value-added benefits, with a sum insured of INR 10,000 per customer. DBS Bank India will cover the first month’s cost for 10,000 eligible SME owners. After the initial free month, users can continue with the plan through an affordable monthly subscription.
Data from the National Crime Records Bureau revealed that in 2023 alone, Indians suffered losses exceeding INR 7,488 crore due to cyber fraud. SMEs often lack the resources and expertise to implement robust digital protection measures, making them particularly vulnerable to cyber threats. To address this, CyberSure launched.
The CyberSure plan offers comprehensive insurance coverage for digital theft, continuous dark web monitoring to protect users’ identities, engaging edutainment modules with videos and interactive content in regional languages, and a digital health check for digital well-being.
Speaking about the partnership, Kulin Shah, Co-founder and Chief Operating Officer of Onsurity, said, “SME business owners often juggle multiple responsibilities, but cyber safety demands specialized attention, especially given the sophisticated threats we face today. Our monthly subscription-based model offers SME owners peace of mind, allowing them to focus on growing their business while we handle their cyber protection. With DBS Bank India’s strong presence in the SME sector, we couldn’t have asked for a better partner to bring this essential product to market.”
Sudarshan Chari, Managing Director & Head – SME Banking DBS Bank India, said, “As cyber threats become more complex, SMEs need robust and accessible protection to secure their operations and data. CyberSure provides an additional layer of security, allowing entrepreneurs to focus on what matters most: growing their businesses. This aligns seamlessly with our brand promise of ‘live more, bank less.’
“Onsurity’s expertise in providing tailored tech solutions complements our efforts, further empowering SMEs. We will continue to leverage our strong ecosystem partnerships to deliver solutions that go beyond traditional banking and address the unique challenges faced by SMEs,” he added.
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