Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | ShowMe-TellMe's Latest Work Highlights the Need for Data Privacy Measures In The Insurance IndustryBy: ShowMe-TellMe Key Insights
These findings highlight significant challenges for the insurance industry, especially with the rising frequency and cost of data breaches—IBM reports the average breach cost in 2023 at $4.45 million globally. Insurers must strengthen privacy measures to comply with regulations like the EU's GDPR and the UK's Data Protection Act 2018, which are crucial for maintaining customer trust. ShowMe-TellMe's Action "Data privacy is now a core aspect of customer loyalty," said Krysten Bacan, Co-Founder of ShowMe-TellMe. "Insurers addressing these issues will meet regulations and gain a competitive edge." Call to Action ShowMe-TellMe urges insurers to prioritize data privacy, aligning practices with consumer expectations to stay ahead in a competitive market. For more information about the research findings or to learn about ShowMe-TellMe's data privacy solutions, please contact: Krysten Bacan CSMA info@showme- https://www.showme- Sources:
Media Contact info@showme- End
Page Updated Last on: Sep 03, 2024
|
|