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Instant Insights / October is National Cybersecurity Awareness Month

Insurance companies are expecting cyber-related losses across all business lines over the next 12 months.

Commentary

Time for insurers to be smarter about privacy

Here are four steps carriers can make to capitalize on a wider variety of data sources for their own benefit as well as the benefit of consumers.

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There are at least seven additional types of privacy concerns for insurers. (Source: Deloitte’s modified Eight Types of Privacy, based on the work of Finn R.L., Wright D., Friedewald M., “Seven Types of Privacy,” 2013) There are at least seven additional types of privacy concerns for insurers. (Source: Deloitte’s modified Eight Types of Privacy, based on the work of Finn R.L., Wright D., Friedewald M., “Seven Types of Privacy,” 2013)

It’s no wonder most insurers default to defensive mode whenever privacy issues are raised.

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