Protect Your Insurance Company by Strengthening IT Risk and Compliance
The right technology solution can help increase efficiency and save resources.
The average cost of a data breach in the U.S. is nearly $9.5 million — the highest in the world, according to IBM. In addition to financial impacts, a cyber breach can open up your organization to reputational damage and noncompliance penalties that can take years to recover from. For insurance companies, the risk is particularly steep given the large amounts of sensitive data they store and process.
In addition, new and rapidly-shifting regulations in the insurance industry makes compliance a complex challenge. Against this backdrop, companies that invest in strong IT risk and compliance programs can thus gain a strategic advantage and further grow their business.
Download this guide from AuditBoard to learn more about:
The shifting regulatory landscape and its implications for insurance companies.
Practical steps your organization can take to strengthen IT risk management and compliance.
Key features to consider when selecting an IT risk and compliance solution.
10 Features to Look for in IT Risk and Compliance Technology
