Four Ways Insurance Companies Can Leverage Authorization
Even though the insurance industry is a part of the highly regulated financial sector they are increasingly being targeted by cybercriminals.
According to a recent report, insurance companies store a vast amount of Personal Identifiable Information (PII) in outdated systems, and they lack user training.
Plus, they were slow to adopt a strong authentication strategy which led to nearly half (47%) of all breaches in the financial services sector affecting the insurance industry in 2022.
As a result, insurance companies are beginning to implement authorization solutions to protect customers’ privacy and information through access control.
Download our fact sheet to learn how insurance companies can leverage authorization as part of a modern access control and Zero Trust strategy.