How Machine Learning Halts Data Breaches - Insurance Thought Leadership

There are four main types of data breaches that advances in machine learning can help thwart. Although we hear a lot about major cybersecurity breaches in non-insurance organizations – Target, Experian, the IRS, etc. – there have been breaches in the insurance industry, too, albeit less publicized. Nationwide faces a $5 million fine from a breach back in 2012. Horizon Blue Cross Blue Shield is still the defendant in a class action suit over a 2013 breach that affected 800,000 of its insured. As hard as organizations try to secure their data and systems, hackers continue to become more sophisticated in their methods of breaching.