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IN SAFE HANDS: FOUR STRATEGIES TO ENSURING YOUR POLICYHOLDER DATA IS SECURE

October 22, 2020 | (2:00 p.m)
USA
SHARESHARESHARE
Sixty-four percent of insurers say policyholders’ personal, identifiable information is the most valuable information cyberthieves seek. The impact of a breach can be devastating, as data breaches cost an average of $3.9 million per incident and significantly erode consumer confidence in a brand. During this session, Jeff Brown will discuss the hurdles the industry faces in handling payment data alongside sensitive consumer data and offer advice for combatting these security risks. Strategies include conducting vulnerability assessments, training employees, and requiring third-party service providers to have specific security credentials.