0:00
Most insurers say that cyber crime is
0:01
one of the biggest threats to their own
0:03
growth. So, what are insurance bosses
0:06
actually doing internally to secure
0:07
their own networks? Yes, and of course
0:09
insurance is an interesting position
0:10
here cuz insurers sell cyber insurance
0:13
to the whole economy, but they also have
0:14
to protect their own businesses from
0:16
cyber criminals who are quite naturally
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attracted to a sector that has a lot of
0:20
money and also has some very complex
0:22
supply chains that interact with with
0:24
firms. So, it's probably not surprising
0:26
that 4/5 of insurance CEOs list this as
0:29
their number one priority, protecting
0:30
their firm from cyber attack. Some of
0:32
the things that we're seeing
0:34
are a much greater focus on real-time
0:36
monitoring of threats, a lot more focus
0:39
on identity access management to make
0:41
sure that there aren't backdoors into
0:42
their systems, many more maturity
0:45
assessments, real-time assessments of of
0:47
how resilient their systems really are
0:49
cuz firms don't feel they can rely on an
0:51
assessment that was done one or two
0:52
years ago, and a lot more focus on
0:55
regular insights that are coming into
0:56
their business about the types of
0:58
attacks that are being launched on firms
1:01
and which ones are proving successful
1:03
because cyber criminals are always
1:04
trying to innovate and change their ways
1:06
of operating. So, I think firms are much
1:08
more focused than they were a few years
1:09
ago on staying on top of the latest
1:11
trends and the latest types of attack so
1:14
that they can try and repel them.
