Half of all insurance professional would not gamble more than £1 on the security of their IT systems, according to a new survey.
At the same time, the study from global services group CMG shows, 67% of them believe that their
IT systems contain much company-sensitive data.
Although 20% of repondents said they spent between 10% and 20% of their IT budgets on security last year, the CMG results suggest that more investment is needed to safeguard systems from security attacks.
Yet, even after a spate of IT security breaches at several high-profile companies, esecurity is rated by only 5% of insurance professional as being their greatest IT priority.
Mike Woods, director at CMG Admiral, said companies that invested in esecurity stood a better chance of increasing online sales as customer confidence increased.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
