A shortage of talent is undermining the insurance industry’s ability to deal with cybersecurity according to the Deloitte Center for Financial Services which conducted a series of interviews with execs employed in the sector. Talent acquisition and retention were identified as challenges for the industry, with burnout of cyber risk management personnel also cited as a growing concern. The report found that only about half of those surveyed said they had been able to identify an individual who could help them navigate their way through the complex process required by federal regulations when it comes to
A shortage of talent is undermining the insurance industry’s ability to deal with cybersecurity according to the Deloitte Center for Financial Services which conducted a series of interviews with execs employed in the sector. Talent acquisition and retention were identified as challenges for the industry, with burnout of cyber risk management personnel also cited as a growing concern. Even with investment in new talent, it is expected to take three to five years to close the gap.