“Heightened Geopolitical Tensions Drive Cybersecurity Alerts for the Life Insurance Industry” — NAIFA’s Advisor Today.
There are alerts coming across multiple sources from regulatory bodies to industry-specific regulators, government agencies, consulting firms, and more, indicating that continued tensions between Russia and Ukraine bring potential for increased cyber threat activity.
The message across all entities remains consistent: For enterprises and agencies, additional security governance, guidance, and a checklist are important to validate that cybersecurity measures are in place.
Insurance agencies remain among the most targeted for cybercrime since the private data they retain represents a significant payload if breached. Now more than ever it is advisable for the insurance industry to take stock of cybersecurity safeguards and strengthen protection as necessary.
To help identify and mitigate risk, FCI offers a review of 9 Critical Controls based directly on the alerts issued by CISA (Cybersecurity & Infrastructure Security Agency) and NYDFS (New York Department of Financial Services).
NAIFA Advisor Today