Cyber Risk Insurance 101Read more
Studies show only 20% of insurance agency CEOs believe that their firm is prepared for an attack. Are you ready to defend against advanced, sophisticated threats?
An international business auditing firm found that only 20% of insurance agency CEOs believe their firm is prepared for an attack. Moreover, 42% realize that cybersecurity is a very serious concern – even more of a concern than regulatory risk. So what can you do to stay safe as an insurance agency? The 21st-century consumer looks for quick and easy customer service, and nowadays, technology is the way to make that happen – allowing you to make strategic operational changes that modernize your firm.
But more technology tends to bring more risks in terms of creating more opportunities for cybercriminals to hack the network. It’s all about striking the right balance between innovation and security. So how do you do that? Where can you turn when you’re struggling with staying safe against a myriad of threats?
We help insurance agencies strike the right balance between innovation and security – helping them take advantage of technologies to make strategic operational changes without leaving the door open for cybercriminals.
As insurance agencies grow, they tend to start looking towards technology to alleviate the challenge of time-consuming, repetitive tasks. We agree that embracing technology is the way to go, but it’s important to make sure you’re taking precautions to secure your network against attacks. In the past, banks and other financial institutions were targeted at an incredibly rate. But they’ve wised up and become some of the most secure companies.
Why? Because you store a massive amount of personal and financial data that can be incredibly lucrative for cybercriminals who steal and sell it on the dark web. As an insurance agency, it’s your legal responsibility to protect all the information you’ve stored. In some cases, you may be governed by HIPAA or GDPR and you must comply. That’s where our cybersecurity services come in:
We also provide remote and onsite support whenever your staff members need a hand to resolve frustrating technology issues and/or errors.
We know the insurance industry inside and out. After all, we’ve been working with insurance agencies for quite a while. We know the technologies you depend on and we’ve seen firsthand which entry points cybercriminals tend to target. We’ve seen the following areas be targeted:
As insurers are finding new and more efficient ways to manage and analyze data, cybercriminals are following suite – creating sophisticated forms of malware that get into these complex systems.
Let’s talk about our cybersecurity services for insurance agencies. Contact us. We know the insurance industry inside and out – we can help you stay safe.