If you don’t know the answer to that question, then it is probably “yes.” Follow our tips to get yourself protected.
Cyber-attacks on insurance companies are expected to increase exponentially over the coming years. Hackers are beginning to note the relatively low level of security in the industry, especially when compared to the high-level information that insurance companies handle. So, what cyber security solutions can you implement to keep your insurance company’s information secure?
How You Might be Vulnerable
First, start with your weak points. You might be vulnerable to cyber-attacks for several reasons—here are the common ones:
- 1. Your software is out of date, leaving you open to security breaches.
- 2. Your passwords are all the same, allowing someone to easily hack them.
- 3. Your employees are not trained in spotting phishing emails (i.e., emails that look innocent, but contain a download or link that opens your system up to hackers).
Preparing for Potential Hacks
In previous years, your business network was perhaps been able to withstand the attacks of an individual hacker with limited resources. Today, hacking is done by sophisticated botnets that do not even require a human to be present to throw repeated attacks at your network.
These bots can focus their attention on low security options, specializing in finding backdoors into networks that do not keep their solutions up to date.
You can combat these risks by continually updating your software, keeping informed on the latest security breaches in your industry, and requiring your employees to change their passwords every few months.
What to Look for in a Cyber Security Solution
Even with these preventive measures, it still might not be enough. Get the proper security now so that any mistakes will be taken care of. Outsourcing your security is a delicate task, so make sure that your cyber security company provides you with:
- Automated updates and reports on any breaches that do occur.
- An established backup plan for customers facing issues.
- Plenty of references from satisfied clients.
Cyber Security Solutions in the Insurance Industry
The insurance industry as a whole does not yet have an overarching response to cyber threats, although it knows the threat is coming. For now, the protection of your company reputation and client records is your sole responsibility.
Since medical records, personal records, and even bank account information might be in your database, it is important to have a solid security system established.
If you are wondering how to keep your clients’ information safe, Business World is your inside track to the most up to date information about security for the insurance industry in Arkansas. Your first step to protecting your company is to contact our dedicated experts now at 501-214-5482 to get informed on the latest security technology.