UBX, the leading Open Finance Platform in the Philippines, has tapped global top insurance company PGA Sompo Insurance Corp. (PGA Sompo) to beef up its customer protection mechanism through personal cyber insurance.
UBX will serve as the principal policyholder for its end-users who are covered by the group insurance. Customers are guaranteed financial protection against electronic fund transfer fraud, identity theft, online retail fraud, purchase protection, and other cybersecurity-related threats.
This serves as an additional safety measure on top of the existing safety and security layers that UBX has deployed for its customers.