The global insurance industry is projected to lose $10 billion annually to cybercrime by 2025, driven by data breaches, ransomware, and phishing attacks.
The insurance industry is experiencing an uptick in cyberattacks, including data breaches, fraud, and ransomware. To protect policyholder data, prevent financial loss, and maintain regulatory compliance, insurance companies need to implement secure data practices, fraud detection tools, and advanced cybersecurity defenses.

73%

Data breaches account for the majority of cyber insurance claims between 2013 and 2019.

44%

Ransomware claims have increased the loss ratio of the U.S. cyber insurance market, making ransomware a leading cause of cyber losses for insurers.

$4.35M

Average cost of a data breach in the insurance industry, including legal, operational, and reputational damage.

41%

Percentage of phishing attacks targeting employees in the financial and insurance sectors, making them frequent targets for credential theft.

Key Benefits

Fraud Prevention & Detection

Fraud Prevention & Detection

Detect and stop fraudulent activities like identity theft and false claims with advanced tools.

Customer Data Security

Customer Data Security

Protect policyholder data from breaches, ensuring trust and reputation.

Regulatory Ease

Regulatory Ease

Stay compliant with insurance regulations through automated tracking and reporting.

Operational Efficiency

Operational Efficiency

Modernize legacy systems to reduce inefficiencies and vulnerabilities, improving organizational resilience.

Insurance Industry Challenges

Sensitive Data Protection
Fraud Detection & Prevention
Regulatory Compliance
Legacy System Vulnerabilities
Insurance Challenges

Our Solutions for Insurance Security

Fraud Detection & Prevention Tools

Policyholder Data Encryption

Real-Time Threat Monitoring

Secure Claims Processing

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Find more about our solutions

Our cybersecurity platform provides the core solutions you need in today's world to manage and keep your assets secure.