The results of a recent technology security survey for the financial services sector might give the impression that the insurance industry has awakened to the threat of cyber-risks. But one analyst warns that there remains much room for improvement, with increased regulation likely to drive progress in locking down carrier systems.
Meanwhile, insurers are not the only ones with tech security concerns, as independent agencies brace themselves to prevent theft of client information, another consultant observed.
Deloitte's survey--"2010 Financial Services Global Security Study: The Faceless Threat"--asked more than 350 major financial institutions worldwide about their data security plans and operations. The institutions interviewed by Deloitte included 50 of the top global insurers.
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