Cyber Crime and the Insurance Industry
Technology has revolutionised the business world, from the way an organisation interacts with customers or clients to the way they store and read data. According to Allianz, by 2020 the data universe will reach 40 zettabytes – that’s the equivalent of every person in the world filling ten 64GB smart phones with data The research also suggests cyber crime costs the world economy 445 billion dollars a year. The attacks varied from bringing down entire computer networks to large data breaches. But cyber crime doesn’t discriminate depending on the size of the company. The Federation of Small…
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