Cyber Security For Insurance
Businesses who operate in the insurance sector are a valuable target for cyber criminals.
The Insurance sector processes a large amount of personal data and handles large sums of money, making them an inevitable target to hackers.
More than £500 million has been stolen from Financial Service sector businesses in the first half of 2018 alone, through unauthorised and authorised fraud.
Nearly half of all small and medium businesses were hit by cyber-attacks in 2017 and the FCA reports that since 2014, there has been a 1700% increase in reported cyber-attacks against regulated firms.
Increase in reported cyber attacks according to the FCA
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