While money is usually no object and tech tools are abundant for insurers struggling to contain cybersecurity threats, talent is often in short supply, undermining the industry’s ability to secure existing and developing systems. Register Now Already have an account? Sign In Now
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.