Regulatory compliance has taken the lead as the primary driver of data security in efforts by the insurance industry, according to a survey released by Ernst & Young.
But the New York-based consulting firm found, despite many security worries concerning mobile and Web-based technology and outside vendor handling of data, few insurers are taking proactive steps.
However, the firm said state and government regulations and the consequences of not complying with them have made security of information a boardroom issue.
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