The impact of technology:
The advent of technology has changed the world around us – impacting everything from the way we communicate to how we go about conducting business. Technology has created amazing tools and resources, putting useful and valuable information right at our fingertips.
And these changes have impacted nearly every industry. The fact is, insurance producers today don’t operate the same way they did even 20 years ago. Currently, around 88 percent of U.S. adults use the internet, which gives producers entirely new ways to market and service their clients. However, technology comes with risks, and some security experts have called cybercrime the greatest criminal threat of the 21st century.
Cybercrime facts to consider:
1. The number of victims of cybercrime in 2017: nearly 1 billion.
2. Cost of the average data breach to companies worldwide: $3.86 million.
3. Cost of the average data breach to a U.S. company: $7.91 million.
4. The average time it takes to identify a data breach: 196 days.
5. The estimated number of records cybercriminals will steal in 2023: 33 billion.
A way to protect yourself & your business:
As an insurance producer who is responsible for handling countless numbers of highly confidential and private documents, do you know if you’re taking the proper steps to protect that data? While these cybercrime facts might be alarming, you can take steps to protect your business and valued customers – one being, to educate yourself! In our new course, “Keep Your Digital Walls Up,” we discuss those who use (and abuse) cyber technology, the impact of cyber technology on the insurance industry, as well as helpful tools that will allow agents to identify potential cyber vulnerabilities. In addition to that, we also discuss helpful ways to protect yourselves, your business and your clients from cybercrime. Don’t wait! Learn more today!