Posted on Dec 24, 2018
Associated Specialty Insurance Agency, Inc.
The workers’ compensation system may not seem like a popular target for cyber criminals, but according to security experts and recent research, it is poised to become one. Any industry comes with cyber risk, but a breach of workers’ compensation policyholder data puts a complicated combination of personally identifiable information, protected health information and financial information at risk. Experts agree that workers’ compensation insurers should make it a priority to anticipate and prepare for data breaches. According to Patrick Fowler, a Phoenix-based cyber security expert, workers’ comp insurers need to know; “it’s not a matter of if they will be breached, it’s more likely a matter of when they will be breached.”