COVID-19: CYBER THEFT OF CUSTOMERS DATA POSES RISK FOR HEALTH INSURER.

Health insurers globally are facing growing risks from cyber security threats as a result of the corona virus pandemic due to increasingly sophisticated techniques used by cyber criminals amid the expansion of remote health care delivery and growing digitalization of insurance transactions, clinic record and billing. Health insurers and related third parties in the health care space who failed to take proper inventory and protect sensitive customer information now face increased financial, reputational, operational and regulatory risks from cyber attacks. Health insurers handle large amounts of data when processing benefit claims or uploading patient information. These data make insurers popular target for phishing, ransom ware or man-in-the middle attacks.

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