Insurance companies not only gather sensitive information from their clients but also generate their own corporate data that requires protection. With cyber attackers increasingly focusing on an industry rich in personal, medical, corporate, and other confidential data, insurance companies become prime targets with significant vulnerabilities.
The evolving landscape of technology introduces cybersecurity challenges as we continue to understand various attack vectors that could compromise and exploit new systems. Despite occasional lulls in cyber-attacks, it’s crucial to recognize that malicious actors adapt their tactics, dedicating time to plan and gather information for orchestrating the next major attack.
Given the substantial stakes involved, insurance companies face significant risks in the realm of cyberattacks. Maintaining heightened vigilance is imperative, particularly when assessing potential risks associated with new systems.
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