Analysis: Inside two years of insurance data breach reports
Exclusive: Insurers, brokers and other firms within the industry have made 315 data breach reports over two years, with many of the best known businesses in UK insurance among those to notify and cyber a growing concern.
Insurance personal data breach incident reports to the Information Commissioner’s Office averaged three a week over the 2019/2020 and 2020/2021 financial years.
This accounts for 315 data breach
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Technology
Eight companies vie for investment at Insurtech UK event
Insurtech UK ran its annual Partnerships Day yesterday (12 November) as start-ups competed in the areas of preventative health, specialist technology, and organised crime claims leakage.
Consilium’s Godlieb says cyber with AI is a ‘double-edged sword’
Insurers should prepare for more cyber security attacks as AI makes overlooked coding flaws easier to find and lowers the barrier for writing malware, said Consilium’s head of cyber Ethan Godlieb.
Q&A: Dan Fiehn, Markerstudy
Markerstudy chief technology officer Dan Fiehn explains how artificial intelligence-assisted code analysis has helped the insurer identify modernisation priorities and unlock value from legacy tech.
FCA’s cyber warning is the end of quote and hope
Frontier artificial intelligence is forcing insurers to rethink cyber risk as a continuous process of monitoring, prevention and resilience, rather than an annual exercise, according to Claud Bilbao, vice-president of underwriting and distribution at Cowbell Cyber Insurance.
VIPR’s Templar says regulated AI will help cut industry lags
Firms will be able to get their “hands on their data” far quicker as AI-enabled delegated insurance moves away from 60-to-90-day lags to potentially daily submissions said VIPR’s CEO and co-founder Paul Templar.
Kalepa’s Monasterio says £55m funding will aid its London presence
Kalepa’s CEO and co-founder Paul Monasterio said its latest investment will be used to enable “true” AI decision making in the London market where it plans to open an office in the coming months.
SSP acquires IS2 to expand into production distribution
SSP UK & Ireland has acquired the commercial lines insurtech IS2 to extend into product distribution as its “first major acquisition” since becoming a separate business entity.
Throwback Thursday: Cue’s future threatened
Insurance Post’s Throwback Thursday steps back in time to November 1996 to remind you what was going on this week in insurance history when Cue was under threat.