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Instant Insights / October is National Cybersecurity Awareness Month

The COVID-19 pandemic has revealed new cyber threats. Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.

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Protecting personal data. Seventy-one percent of insurers don’t believe they have the resources to detect a sophisticated cyberattack. (Photo: Shutterstock)

As Amazon, Netflix and Uber set the bar for superior digital service, insurance companies are increasingly turning to third-party platforms for FinTech payment and digital tools that transform the policyholder experience, an EY report shows. This raises strong concerns over the security of policyholder data across the continuum of service.

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