Insurers and risk managers need to not only protect themselves from a data breach, but they also are charged with protecting the personal information of policyholders. This can only be done through understanding the threats that insurers and their customers face and applying business continuity best practices to keep their organization resilient.
The insurance industry business model is to give clients peace of mind by providing coverage against an incident, but that cannot be done until the organization understands the internal threats it faces and deploys proper procedures to minimize or even mitigate the effects of a cyber attack.
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