Insurance Startups: Are You Really Security Ready?
Most insurance startups born in today’s digital world are well acquainted with the basics of cybersecurity, including multifactor authentication and firewall protection. But young companies are often at a disadvantage when it comes to long-term security planning.
For one thing, most startups don’t have a role – let alone an entire department – dedicated to information security. Instead, a Chief Technology Officer may shoulder these responsibilities along with system design and architecture.
And, most startups are preoccupied with getting to market quickly. When your business is just getting off the ground, it’s challenging to focus time, attention, and resources on long-term planning. But looking ahead is essential to ensure your platform can meet your business needs, customers’ expectations, and regulators’ demands over time.