Customer Problem / Business Objective
The insurance industry is a prime cyber attack target due to the massive amounts of personal, identity, health and property information they handle. As more consumer features are developed, like online access to accounts, payment portals, apps and car plug-ins, the insurance company’s attack surface expands.
Insurance companies have a variety of information technology needs, which can be increasingly hard to manage to deter cyber attacks. This includes insufficient network or system security of cloud infrastructure and outdated security software that are vulnerable to cyber attacks. Email systems are particularly susceptible to infiltration, which is a top threat for infecting systems with malware. Ransomware attacks are hardly new, but are becoming more sophisticated and targeted toward insurance companies.
According to a recent report, nearly 20% of the top 99 insurance carriers have a high susceptibility to ransomware. Over 80% of insurance companies analyzed are susceptible to a phishing attack, and software vendors are the most common source of supply chain attacks, accounting for 25% of all third-party incidents in 2021. The largest ransom paid by an organization to date was by insurance company, CNA Financial Corp. In 2021, the company paid nearly $40 million to regain control of its network after a ransomware attack.
Implementation
Insurance companies need to protect customer data, communications, intellectual property and content while operating on the internet and across a network. ConcealBrowse provides ransomware protection to guard your users from malware, spear phishing and browser-based cyber threats with clientless, Zero Trust remote browser isolation. This enables users to communicate confidently and discreetly with other personnel, vendors, third parties and patients further protecting digital assets and sensitive client information.
Value Add / Solution
- Proactive approach to cybersecurity.
- Zero reported instances of malware or compromise of machines/networks utilizing the product.
- Rapid deployment and stand up of users (~1 day).
