Insurance companies have a huge target on their proverbial backs as cyber attackers increase their focus on an industry ripe with personal, medical, corporate, and other confidential data that can be monetized after a data breach. In 2023 alone, multiple insurance companies have been targeted, including Sun Life in June via an attack on its vendor Pension Benefits Information LLC; Prudential Insurance in May, in which more than 320,000 customer accounts were impacted; New York Life Insurance Company, which had 25,700 accounts affected during the same days period as the Prudential attack; and Genworth Financial, which had up to 2.7 million individuals affected.

Source: Dark Reading: Cloud