Insurers assess risk pools after Target breach

Following the Target data breach earlier this year, many insurers are assessing their risk pools to avoid possible security breaches of their own, reports Insurance & Technology. Insurance providers also are implementing certain best practices to reduce supply chain risks and to better manage their IT systems. Steps include performing regular and standardized risk assessments that cover all suppliers; conducting risk assessment from the get go instead of waiting months or even years to do so; and requiring technology vendors to use independent verification services to test software before it comes into use. Article