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Details: Created: Wednesday, 08 July 2020 16:47

CyberCrime In The Insurance Industry: Are You Prepared?

cyber crime Fraud rates remain at record highs, and according to the 2020 Global Economic Crime and Fraud Survey conducted by PricewaterhouseCoopers (PwC), 47% of the 5,000 companies across several industries that were surveyed experienced a fraud in the past 24 months. Cybercrime ranks second among the most common types of fraud that companies face and can result in substantial financial impacts along with damage to company brand and market share. This means that cyber risks are among the top issues that businesses must consider when it comes to their resilience and continuity planning.