Cyber Security for Insurance
The insurance industry is facing increasing cyber security concerns as it becomes more reliant on technology and digital systems.
67%
of insurance companies have experienced a cyber attack that disrupted business operations. Accenture
59%
of insurance companies have experienced a data breach in the past three years.
National Association of Insurance Commissioners
50%
of all financial losses for insurance companies were due to cyber attacks. Insurance Information Institute
Cyber Risks for Insurance
Client Coverage
Providing Cyber Insurance to client companies who have not taken appropriate steps towards being digitally secure.Home Networks
Working from home has become the new normal. Employees are now accessing work accounts from home using a variety of different devices on home wifi networks. These networks are typically less secured.Data Breaches
Data breaches can have serious consequences, including the loss of sensitive customer information and the potential for financial fraud.Phishing Attacks
These attacks involve sending fraudulent emails or messages in order to trick the recipient into providing sensitive information, such as login credentials or credit card numbers.Ransomware Attacks
Ransomware attacks can disrupt operations and cause significant downtime, which can lead to delays in project timelines and potentially result in financial losses.Internet of Things (IoT)
Companies are increasingly adopting IoT devices which can introduce additional vulnerabilities into the network.Insurance Cyber Challenges
Protecting sensitive customer data from cyber attacks
Minimizing financial losses due to cyber attacks
Avoiding disruptions to business operations caused by cyber attacks
Protecting against impersonation and fraud by cyber criminals
Keeping systems and employees informed of the latest cyber threats
The Importance of Regular Testing
Every successful cyber attack begins with a vulnerability.
Regular testing can find these vulnerabilities before a threat tries to attack. Manual Penetration Testing and Vulnerability Assessments use the same methods as real attackers to determine where your weaknesses currently exist so that you can prioritize remediation efforts.
These proactive efforts can ensure that when the real attackers try to hack you, the digital doors will all be sealed. Learn more here!
Relevant Services & Solutions
Vulnerability Scan - $899
Penetration Testing
Resources

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