No ‘Cover’ from cyberattacks

The insurance industry is especially vulnerable to cyberattacks mainly because of the sensitive information it stores. The sector was hit by 49million attacks in January 2023 alone while bot attacks have become a growing cause for concern. A recent report by Indusface, an application security SaaS company, says the Insurance industry faces more cyberattacks compared to other sectors.

While they may be on their digital transformation journey, the cyber risks they invite are undeniable…