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How can the cybersecurity of your InsurTech be strengthened?

March 06, 2024
1 Min Read

The InsurTech business has relied more on emerging technologies to boost productivity and efficiency in an increasingly digitalized environment. But in this fast-moving world of technology, the importance of strong cybersecurity cannot be emphasized. But how can the cybersecurity safeguards at your business be strengthened?

Several industry experts offered their opinions on the discussion as part of the Professional InsurTech Certificate offered by the FinTech Global Academy.


Among them was Phillip Hurni, a computer science tutor at Kantonsschule Sursee, who expressed his opinion that a lot of companies don't really grasp cybersecurity procedures.


"I believe that many people still believe that cybersecurity is just about technology, but it's about much more than that," he said in his explanation. It centers on various individuals and procedures.


"building a tech-savvy and cyber-educated workforce is, in my opinion, the most underappreciated component in building a solid cybersecurity system. You have to keep in mind that a lot of attacks that occur nowadays begin with a person being tricked into clicking a link.

 

The safeguarding of privileged accounts and privileged access are the other crucial subject. This is where the majority of businesses' cybersecurity weaknesses are evident. Technology can undoubtedly have an impact in this situation, but the processes remain crucial, the speaker said.


Register for the Professional InsurTech Certificate to hear the entire presentation.


Regarding the Certified Professional in InsurTech:

 

Professionals working in the insurance business can gain a thorough understanding of Insurance Technology (InsurTech) through the Professional InsurTech Certificate course. The course covers important topics such as the principles of InsurTech, adoption strategies for insurance companies, regulatory perspectives, data analytics, customer engagement, claims processing, risk assessment, and emerging technologies like AI and ML specifically designed for the insurance industry, all with an emphasis on practical applications.


This course, which stands out for taking a comprehensive approach to the InsurTech scene, combines real-world case studies with insightful commentary from prominent InsurTech pioneers and top insurance company executives.

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