BOXX insurance is all set to acquire Templarbit, a cyber threat intelligence platform, for mapping and monitoring company’s attack surface.
Canadian based Cyber Insurtech firm BOXX has took power upon American based threat intelligence firm Templarbit and the sum is still not revealed to the public.
The company was founded by Bjoern Zinnsmeister, in 2017 and works in Palo Alto, California and Los Angeles.
The reason for taking over Templarbit was of it’s designed threat intelligence platform that identifies susceptibilities within company’s network especially by hackers who might corrode company’s safety assurance.
This will help in analyzing firm’s complete landscape and digital assets, functionality and other such executions.
Looking towards the rise in frauds, this feature certainly let’s profile identification, letting company not to get stuck in any sort of digital fraud.
Vishal Kundi, CEO and co-founder of BOXX, claimed – “Bringing Templarbit’s team and technology in house was totally a natural set up for us – so that we can strategically prevent our customers from cyber risk which will let the firm grow successfully with customer trust.”
He also claimed that- “Templarbit holds both effective and affordable cybersecurity services to the small and mid sized businesses with the use of intelligent automation and threat intelligence. This, members of BOXX are extremely excited to work with Templarbit.”
Extracted from the previous year’s bulletin – In the month of December – BOXX collaborated with Equifax to launch a new offering aimed at protecting customers from cyber threats and during the same year in September, the insurtech startup closed it’s oversubscribed $10million series and funding for it’s global expansion plans.
