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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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Nearly half of the respondents to a recent Generali Global Assistance indicated they would want to purchase identity protection services from their insurance provider. Nearly half of the respondents to a recent Generali Global Assistance indicated they would want to purchase identity protection services from their insurance provider. (Illustration: ALM Media archives)

It seems as though major data breaches are occurring with increasing regularity — every few months, like clockwork.

But the frequency of the attacks isn’t the only issue. As the recent Capital One breach shows, the acquisition of personally identifiable information (PII) by hackers is incredibly damaging for consumers as both sensitive financial information and Social Security numbers are exposed.

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