Cyber Security: Why For Workers’ Compensation And Why Now?

Andrew Sabolic
Executive Director
Workers’ Compensation Institute (WCI)

WCI 2022: Session Sneak Peak

In today’s interconnected world, the question is not “if”, but “when” a cyber attack is launched upon a company. Cyber attacks are becoming more frequent and targeted and are no longer focused on large, multi-national companies and government entities. Businesses of all sizes are now in the cross-hairs of on-line hackers and cyber gangs.

Our workers’ compensation industry receives and stores millions and millions of data points concerning claimant and policy holder information, personal medical and health information, legal records, and corporate financial information. Cyber criminals view this data as currency and are continuously seeking ways to infiltrate networks to monetize this data for their own self-interest. The ramifications of a successful cyber security breach can be profound and long-lasting. A company’s financial situation can be harmed and liability may be assigned to company owners for failing to protect against such invasions. Customers may experience a loss of trust and confidence, and increased media and government scrutiny may also follow.

Every person within a business or organization plays a critical role in establishing and maintaining a strong cyber security deterrence. The individual employee is often the first-line of defense against cyber attacks. This year’s sessions offer real-world insight in mitigating and responding to cyber security attacks and breaches.

For a complete copy of this year’s conference program, please click here. The Cyber Security breakout is summarized here.