Cyber attacks against financial services companies, including insurance companies, are becoming increasingly frequent and sophisticated. Insurance firms often store and control sensitive data such as personal information and protected health information that makes them a prime target for cyber attacks.
The insurance industry often uses legacy systems that are not up to data on information security and pose potential weakness and exposure. In addition, third-party vendors are not managed consistently across the company or the industry. While large companies may have well-defined procedures for vendor IT assessment, smaller companies often rely of vendors’ “self-certification” that is less reliable and often problematic.
At Armolon, we offer managed security solutions as well as virtual Chief Information Security Officer (vCISO) services for small companies. For large insurance carriers, we are often engaged on a need basis such as penetration testing or cybersecurity consulting on a monthly retainer.