In the press: Insurers’ IT security is “inconsistent”
June 1st, 2016
QuoStar CEO Robert Rutherford says that the number of security breaches that have occurred in the last year alone suggests that insurers have been inconsistent in maintaining their IT security levels.
His comments come as the British Insurance Brokers Association (BIBA) announce the formation of a cyber committee at their 2016 conference. The aim of which is to help the insurance industry as a whole to tackle the vast number of security breaches it currently faces. Rutherford says one of the main issues facing insurance firms, among others, is outdated technologies and legacy systems. This issue has plagued the industry for decades and hackers continue to capitalise on it.
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