Cybersecurity is an issue of growing importance for insurers as well as society in general. Insurers encounter cybersecurity issues in a variety of ways. Like all members of the interconnected business community, insurers are potential targets as they hold consumer personal information. Because of this, insurers have an obligation to take steps to protect that information as well as to play a role in the development of how society responds to the growing exposure to cyber risk by insuring.
Understanding the Evolving Cybersecurity Standards Landscape for Insurers
The amazing benefits of a technologically advanced and interconnected society have not been attained without the price of
sobering exposure to substantial and even potentially catastrophic harm. The headlines regularly convey the latest security
breaches, typically involving increasing volumes of a variety of information being accessed or stolen, affecting a larger number
of individuals as potential victims.
Unsurprisingly, the insurance industry, given its role in supporting risk management by businesses and individuals, has
not been immune in...