Two-thirds of insurers have increased the amount of outsourcing they use to combat cyber threats in the past two years, as the number of threats rises, according to a Moody's survey of 50 insurance carriers.
Leveraging third parties that specialize in security to assist means that insurers are protected against turnover among their in-house security staff, and can be generally assured that the latest risks and solutions are at their disposal, Moody's says. The typical insurer employs about 10 different cybersecurity vendors, according to the survey.
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