Insurance companies are desirable targets for cyber attackers because they work with sensitive data. To ensure the safety of customers’ personal information, insurance companies have to follow strict data protection requirements. These requirements oblige companies to implement the best cybersecurity practices or face considerable fines for non-compliance.

In this article, we discuss data protection compliance for insurance companies and how to safeguard customer data.

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Security incidents are often hard to detect and tend to go unnoticed for far too long. They’re also time-consuming to investigate, since gathering evidence and correlating facts may take months or even years. For instance, the graphic design website Canva became aware of the theft of user credentials for almost a million accounts only seven months after the actual incident. That’s why it’s better to put your effort into preventing incidents rather than handling their consequences.

The best way to avoid cybersecurity breaches is to know the most...