MetLife, Inc. and Aura, a provider of all-in-one digital protection for consumers, announced a collaboration in which MetLife will be the exclusive distributor of Aura’s digital security solutions in the employer channel.
MetLife’s U.S. Group Benefits platform reaches more than 50,000 employers and approximately 55 million eligible employees and their families. According to MetLife’s 2021 U.S. Employee Benefit Trends Study, 51% of employees say employers should play a greater role in the safety and protection of employees and their families.
As cybersecurity risks continue to rise for individuals, the companies have seen growing demand from employers looking to offer digital security benefits to their workforces, according to the announcement. New data from the Identity Theft Resource Center shows the overall number of data compromises in 2021 was up more than 68% compared to 2020. This comes after a record year in 2020 for cyberattacks, with consumers losing more money to cybercrime than they did to home burglary.
“We know employees want more benefits geared toward prevention and wellness. When we expand our portfolio of benefit offerings, we look for best-in-class providers who will help us protect the finances, wellness and now the digital health and safety of our customers and their families,” says Meredith Ryan-Reid, senior vice president, financial wellness and innovation at MetLife. “Aura’s solution will help safeguard employees’ digital identity and provide peace of mind that what matters most is protected.”
“Over the last two years, we have seen surging demand for digital security solutions in response to a drastic increase in cybercrime,” says Hari Ravichandran, founder and CEO of Aura. “By working with MetLife, Aura will be able to rapidly scale our operations and keep millions of Americans safe.”