Insurers look to secure digital borders without inhibiting growth

Insurers trying to contain cyber risks face a tricky balancing act between the desire to build an impenetrable digital fortress and demands from staff, intermediaries, and consumers for faster and easier data access.

By Sam J. Friedman | Updated on September 26, 2014

Insurers trying to contain cyber risks face a tricky balancing act between the desire to build an impenetrable digital fortress and demands from staff, intermediaries, and consumers for faster and easier data access.

Cyber risk is one of the biggest opportunities, as well as perhaps the scariest threat, facing insurance companies today. The opportunity is on the sales and risk management side, with all the high-profile data breaches being reported in the media prompting more businesses large and small to seek insurance coverage and loss control advice.

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