The insurance sector is undergoing significant transformation, evidenced by the high rate of digital transformation. In addition, data has become a valuable resource, making companies that collect and process data vulnerable to cyberattacks. Insurance companies are often exposed to this risk due to the extent of sensitive customer information collected from policyholders.
This article highlights key cyber risk trends prevalent in the East African insurance sector, common cyberattacks and critical strategies to implement to effectively safeguard information assets.
