Industry News

​HOW DIGITAL INSURANCE​​ TOOLS AFFECT GENERATIONAL BRAND LOYALTYThe use of digital tools in the insurance industry lags behind similar fields. Although more people are digitally managing their insurance policies, there's still room for improvement, particularly among younger generations. While nearly 60% of 18- to 39-year-olds use mobile apps for banking, less than one-third use these apps to manage their insurance.VOLKSWAGEN HIT BY DATA BREACH - O​​VER 3.3 MILLION US AND CANADA CUSTOMERS' DATA EXPOSEDVolkswagen has warned customers that one of its vendors was recently affected by a data breach which potentially exposed the information of some 3.3 million customers in the US and Canada.Customer data…

​The Insurance Industry Charitable Foundation (IICF) is proud to partner with Our Military Kids to share our gratitude for the dedication, service, and sacrifice of military families. This summer, we invite you to join us and Share Your Thanks.From July 4th - September 11th, insurance industry professionals, families, and friends are invited to write a note, create a drawing, share your own story, or provide words of encouragement for the children and teens who make daily sacrifices while their parent is deployed or in recovery.Together, as a united industry, we can show our appreciation for military families!​Our Military Kids supports military children (ages 3 -…

​The Rise of C​​​yber C​artelsGangs of cyber criminals are organizing themselves along the lines of drug cartels and changing their strategy of attack in order to keep ahead of authorities' efforts to stamp them out. These cartels are formed to execute ransomware campaigns collaboratively, expanding hackers' playbooks to include so-called “double extortion," data exfiltration and data modification.​Lawmakers Criticize Colonial ​​Pipeline for Cyber WeaknessUS lawmakers criticized Colonial Pipeline Co.'s cybersecurity practices as the company's chief executive officer faced his second day of questioning on Capitol Hill. “If your pipeline provides fuel to 45% of the East Coast, why are you only hardening systems after an attack?…