Managing cyber-risk: Cyberthreat intelligence and the Insurance sector

Organizations in all sectors face increasingly virulent and sophisticated cyberthreats on a weekly, if not daily basis. The insurance sector is particularly at risk. 

From organized criminal groups seeking PII (personally identifiable information), financial account data and anything else that can be monetized, to hacktivists trying disrupt the day-to-day business of their target, to APTs (advanced persistent threats) gathering intelligence and information to attack operations and customers, insurers large and small are often a long way behind the curve when it comes to shoring up their security infrastructure.

In part, this is due to attackers moving away from the financial sector as they seek weaker targets. Yet these targets still have a huge amount of data points on the individuals and enterprises they deal with.

Combined with distributed service models and increased digitization of services, the risk across the insurance value chain continues to grow.

This whitepaper will focus on the issues that confront the C-suite in the insurance industry, offering insight and guidance to meet the challenges they face today. Download the report for detail on:

  • Cyber-risk management
  • State of the industry and recent trends
  • The role of the insurance broker

It’s a bold claim, but in today’s cybersecurity landscape, prevention doesn’t work. You only need to look to recent headlines to see that the number of high-profile breaches has been increasing over the past few years, even for organizations who invest millions in cybersecurity.

Managing cyber-risk is like managing client risk – it is not based on a binary of whether you get attacked, but exists on a spectrum of how likely it is that an attack will happen.

The frequency and severity of cyberattacks across all sectors increases and insurance is no exception. Given the sensitivity of the information held by insurers, the risk of attack is even higher. A proactive, resilient cybersecurity posture is necessary to protect the enterprise, its customers and their data.

Download the report for information on the cybersecurity landscape for insurers, offering insight around trends, regulations, responsibilities for companies of all sizes, and finally the proactive steps that insurers can take to manage their cyber-risk effectively.

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