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It’s no secret that cybersecurity is one of the top three priorities across the financial services industries in 2025, least of all for insurance. But with artificial intelligence empowering threat actors to quickly pierce insurers’ defenses, what more can be done to
Many firms already have solid firewalls in place already, as per
Of the top 150 insurance companies across the globe, a majority were rated 80 out of a 100 or higher on overall security measures. Insurance carriers had the highest median score at 90, while agencies, brokers and insurance-specific software providers were tied at the low end with a median security score of 85.
The problem is, while insurers’ internal cybersecurity protocols are generally well tuned, weaknesses in third-party partners and their integrations can lead to a false sense of security.
Both vendor and in-house compromises of MOVEit file transfer software were top products enabling third-party data breaches at 7%…
