The Big “I" Agents Council for Technology has issued a security alert for all independent insurance agencies. Hackers are focused on targeting industry systems to access valuable data. Finance & Insurance is now the third most highly targeted sector of all industries, accounting for over 12% of all data breaches*. Keep in mind that in 2020, a total of over 37 million records were exposed.
And now, these bad actors are trying to get your agency credentials - IDs and passwords – using them to access quoting systems to obtain the data.
ACT has now seen major carrier data breaches where agency credentials have been used to access online quoting/rating systems, and is confident that attempts will only increase to target acquiring agency credentials to access all types of rating systems; carrier agent portals, agency raters, web-based consumer quoting.
Source: IIABA
