The digital landscape is evolving at an unprecedented scale, and insurance firms face increasing scrutiny regarding their cybersecurity practices. Market Regulator SEBI is not silent on the rising cyber threats in the insurance sector. The Securities and Exchange Board of India has introduced new cybersecurity rules to protect our financial markets, focusing on strengthening market
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In September 2023, a significant data breach occurred in India when the official website of the Ministry of AYUSH in Jharkhand state was compromised, exposing over 3.2 lakh patient records on the dark web. This breach revealed sensitive medical information and included personally identifiable information (PII) of patients and confidential details about doctors. The threat
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Financial sector is always at the target of threat actors. Cyber threats in the insurance sector are like never before. There are primarily two reasons for this scenario: Both of these reasons are enough to attract threat actors to pounce on the opportunity. The Reserve Bank of India (RBI) has taken significant steps to enhance
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Insurance companies face an ever-growing threat from cybercriminals, with ransomware attacks becoming increasingly sophisticated and frequent. As guardians of sensitive financial and personal data, insurance firms are prime targets for these malicious actors. As a CISO or top executive, you’re accountable to protect business-critical data, but how confident are you in your current defenses? Are
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