New cybersecurity innovations in the insurance industry

The insurance industry is responsible for a multitude of sensitive financial data concerning both its customer base and staff. Any breach to an insurance company's CRM or other claims database could compromise the personal data of multiple people at once, which puts the company at risk as well. However, there are always new cybersecurity innovations, and this includes AI and machine learning-based solutions. In this article, we explain how artificial intelligence applications can help insurance companies protect their networks and databases from cyberattacks. We cover how predictive analytics and anomaly detection can be instrumented within a large enterprise network's security system and how it can counteract these threats.