Insurance

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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.

Insurance

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.

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