Report Summary:

Insurers in the US have recently made headlines for falling victim to security breaches which, in Q2 alone compromised over 65,000 records.

In late May 2009, Novarica conducted a survey of insurer IT executives to gain an understanding of how insurer executives today are securing the data they own and gauge overall attitudes to security at carriers.

At many respondents' organizations, data security is generally considered an IT responsibility that business does not need to think about. As a result, purely technological security measures that IT can implement unilaterally tend to be well developed, but there is room for many carriers to strengthen those facets of data security which require collaboration between IT and business such as secure data organization and organizational compliance surveys.

CONTENTS

Introduction…2
Sources of Security Threats…3
Organizational Attitudes Towards Data Security…4
Security Measures in Use…6
Conclusions…10
About Novarica…11