Protecting SMEs: Onsurity and DBS Bank India Launch CyberSure Plan

Onsurity has partnered with DBS Bank India to introduce CyberSure, a cyber protection plan tailored for SMEs in India. This initiative provides comprehensive insurance and digital monitoring to safeguard SMEs against cyber threats, offering affordable monthly subscriptions and special features to enhance cybersecurity awareness among business owners.

Mumbai, Maharashtra, India – Onsurity has teamed up with DBS Bank India to launch CyberSure, a comprehensive cyber protection plan aimed at safeguarding owners of Small and Medium Enterprises (SMEs) across India. This move comes in response to growing cyber threats, with data from the National Crime Records Bureau revealing a loss of INR 7,488 crore to cyber fraud in 2023 alone.

CyberSure offers a sum insured of INR 10,000 per customer, covering the cost of the initial month for 10,000 eligible SME owners. Features include comprehensive insurance for digital theft, 24/7 dark web monitoring, cybersecurity awareness modules, and a digital health check. Users can continue with the plan through an affordable monthly subscription after the first free month.

Kulin Shah, Co-founder and COO of Onsurity, stated, "Our subscription-based model offers SME owners peace of mind, allowing them to focus on growing their business while we handle their cyber protection." Sudarshan Chari, Managing Director of SME Banking at DBS Bank India, added, "CyberSure provides an additional layer of security, enabling entrepreneurs to concentrate on growth."

The partnership was formalized at the Global Fintech Festival, emphasizing the collaboration's alignment with DBS Bank India's commitment to providing innovative solutions beyond traditional banking.

(With inputs from agencies.)