COVID-19 and its Impact on the Insurance Industry
We are dedicated to keeping you up-to-date on the latest developments with the COVID-19 pandemic and the effects it may have on your agency, your clients and the insurance industry as a whole. Below you will find information about the increased cyber risk from the new remote working environment that we are all living in.
As organizations prepare for certain contingency work arrangements in response to the coronavirus (COVID-19) outbreak, companies must also focus attention on ensuring appropriate cyber hygiene. Companies are anticipating more individuals working remotely from the safety of their own homes to avoid contracting the virus and other companies are planning for potential quarantines and school closings.
The flexibility of working remotely, however, involves real cybersecurity risks companies should be aware of and work to mitigate in the face of the COVID-19 outbreak. With increased remote work, there is an increased risk of employees accessing data through unsecured and unsafe Wi-Fi networks, using personal devices to perform work and not following general security protocols established by the company.
Read the full article from Beazley Academy here.