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Cybercrime continues to raise risks for insurers and their customers, and the dangers are evolving and becoming more global in nature.

At the recent PLRB conference in Anaheim, Calif., Christina Terplan of Clyde & Co. said that a breach last year in South Korea impacted 70% of that country’s population. She explained that losses in the U.S. are usually larger than in other countries because of the information accessed, but she cautioned that cybercrime involves a lot more than just losing customer data. Some hackers now have records going to duplicate sites so nothing seems amiss, and others are just deleting information to damage a company’s reputation.

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