May 29, 2021

Top five cyber threats against insurtechs in 2021

Cybersecurity
Insurance
Insurtech
computers
5
Outdated hardware

There is a common misconception that cybersecurity threats have to come from software. If you are using outdated hardware, your company data is vulnerable, too. Because software updates are happeing more frequently, older hardware is often unable to keep up with the changes. It's a tough call for companies that have often invested huge amounts in creating their own technology platforms. The answer for many providers is a strategic parnership with a specialised technology company. It's an expensive decision, but if an orgnaisatiion's data is exposed to a cyberattack, it could well be the death knell of the company. It is critical to regularly check company devices and replace any obsolete ones to avoid outdated hardware-related cyber-attacks.

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