The fallout from the Target data breach has cascaded across the business world: Any company that harbors consumers' sensitive financial information can see firsthand the reputational impact that comes after exposing 40 million customer card numbers. At this year's Property Casualty Joint Industry Forum, insurance CEOs were asked during a roundtable how their companies secure their IT infrastructure against threats. Following are some of their responses:
All photos by Don Pollard.
1. Peter Hancock, AIG Property Casualty
We're under attack hundreds of times a day. We let them penetrate to a certain level so we learn more about the attacker. But at the end of the day one of the most prevalent vulnerabilities is human error. So we're also working hard on social engineering and making it easier to follow procedures. If you don't think about it holistically, you can overoptimize somewhere and miss something crucial.
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio