Insurance Thought Leadership features an article by Pinpoint’s Strategic Advisor Marty Ellingsworth asking P&C insurers “Are you Fraud-Friendly?”
Marty highlights areas within the information/data space where insurers have opportunity to get better about protecting these valuable assets detailing how data, private information, system access, reputation, and trade secrets are all vulnerable and although they are intangible, they all are still forms of money.
Insurers who are not taking a more proactive positioning to protect these valuable assets are at risk. The implications from a monetary perspective are significant, and insurers should take appropriate steps to protect their data and information as highly as banks do with the money. His poignant recommendations are clear for P&C insurers, be savvy and take every precaution to prevent becoming another cyber breach headline.
