Regulatory compliance in the insurance industry is meant to safeguard sensitive customer data as cyber attacks become more of a threat every year. To guarantee stronger risk and compliance profiles, insurance companies must perform cybersecurity assessments covering all their assets, including critical systems, applications, and servers.
Like financial institutions, insurance companies are prime targets for hackers seeking personally identifiable information (PII) and other sensitive customer data. As the insurance industry continues to digitize, cyber threats and risks abound— and regulations, intended to safeguard consumer information, become increasingly complex and costly to comply with.
Today, insurance agencies must secure internal enterprise systems, databases, and servers that house large volumes of PII, as well as such customer-facing conveniences as online payment portals and mobile apps. It’s a tall order, but not an insurmountable challenge, if businesses arm themselves with strong IT governance frameworks, sound risk management practices, and regular cybersecurity assessments from trusted third parties.
Your organization already has security measures in place for your IT systems, but are you sure they are protecting your systems? The majority of security breaches take months — or even years — to discover. Even with security measures in place, your systems can harbor hidden vulnerabilities that attackers can exploit.
As technology becomes more advanced, regulations become more complicated.
IT risk is a major concern for any organization, public or private. To protect your data, your reputation, and your bottom line, you need an effective, dynamic IT risk management strategy.
What's New
Not all businesses are targeted by state-sponsored attacks, but those that are need to know the risks and how to respond to them.
What's New
Surging cyber crime rates and the evolution of advanced persistent threats have compelled CEOs and industry experts to acknowledge the growing need for executive cybersecurity leadership.
What's New
The use of cloud software is at an all time high— on average, large enterprises use over 1,427 different cloud services.