The question of IT security is one that is painfully familiar with all business owners these days . But specifically , insurance companies have much to fear when it comes to cyber attacks .

Because they carry vast amounts of sensitive information on their customers , studies show they are the second most likely form of business to suffer a hack next to legal entities .

Ransomware is real and exceedingly harmful , not only because it compromises the company directly affected , but also because in these days of digital ecosystem reliance , it also puts a far bigger network at risk .

Biometrics that include body language reading along with the facial and voice recognition software , are now commonplace forms of security . Essentially , safety is coming at an ever increasing cost to our personal privacy .

There is no easy answer to this evolving question . But the situation raises a number of critical topics that we explore in this month ’ s feature on IT security in the insurance industry . What are your thoughts ? Is it a matter of concern ? Or is it just the organic development direction of this new , digitally driven climate ?

Let us know your thoughts , and enjoy the issue

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