Data Security Compliance with the Information and Cyber Security Guidelines 2023 for Indian Insurance Industry - Compliance Brief

What are the Information and Cyber Security Guidelines 2023?

The digitalization initiated by the Indian government in 2017 and the remote working arrangements during COVID-19 marked a change in the manner of data handling and processing by the Indian insurance industry. The insurance industry started to streamline its operations to enhance business efficiencies and customer experience, which also exposed the insurance sector to greater vulnerabilities of cyber threats and data leaks.