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DBS HK launches CyberOne microinsurance protection for safe internet surfing


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HONG KONG,25 February 2019 -

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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About DBS

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for ten consecutive years from 2009 to 2018.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 26,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.

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