Through this article, we will gain in-depth knowledge as to why there is an increasing demand of cybersecurity in the insurance sector. The insurance industry is a top target for cybercrime due to its immense magnitude and reach, as well as the large amount of sensitive data it maintains and holds. Additionally, many insurance-based businesses have shifted more of their vital operations to digital channels in recent years, the number of cyberattacks against the sector has also sharply increased. Both consumers and insurance companies can use this article as a useful resource for information on the numerous threats the sector is experiencing and the precautionary cybersecurity measures they can take to reduce the effects of such attacks.
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