What to watch for in cybersecurity this year

Cybersecurity in the insurance industry is more than just a must-have — it's an absolute necessity. Without it, whole systems are at risk of crashing and exposing vulnerabilities from operational processes and the personal information of customers to sensitive trade secrets. In 2020, it's safe to say that nearly every organization in existence has some type of cybersecurity measure in place. However, in an environment that changes at a rapid pace, organizations and their executives must stay abreast of trends that have the potential of uncovering cybersecurity weaknesses. In a new report from Aite Group, "Top 10 Trends in Cybersecurity, 2020: More Ransomware, Evolving Strategies and New Tools," the financial services advisory firm outlines what will drive cybersecurity strategies and investments this year. For starters, ransomware will continue to be a key adversary. Additionally, companies will have to begin moving away from legacy systems that are at higher risk of a cyber breach. To read more about the cybersecurity trends Aite Group sees impacting insurance and financial services companies in 2020, review the above slideshow. Related:

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