Triple-I/Fenix24 Report Identifies Emerging Cybersecurity Priorities for Insurers [Yahoo! Finance]
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Yahoo! Finance
Cybersecurity for Insurers: Squaring Safety with Service , a report examining how insurance companies are managing their own cybersecurity risks and where critical vulnerabilities remain. The report found that while property/casualty insurers have made impactful cybersecurity investments, gaps remain in areas including patching cadence, authentication practices, and recovery testing, which are all weaknesses that could complicate responses to today's threat environment. The report draws on a series of conversations with insurance industry executives, with questions aligned to best practices, regulatory requirements and security controls commonly required in cyber insurance underwriting. "Insurers occupy a paradoxical position in the cybersecurity landscape," said Sean Kevelighan, CEO, Triple-I. "They assess cyber risk for policyholders and establish security requirements as conditions of coverage, yet they also need to demonstrate their own cybersecurity practices meet or exceed e
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