-24 April 2023The IRDAI has issued guidelines to insurers about information and cybersecurity as the industry rapidly adopts digital technologies to help streamline operations and enhance customer experience. The Apex body has issued guidelines to enable insurers to improve their governance mechanisms and strengthen their defences to deal with cyber threats. With the advent of digital technologies, the IRDAI has asked insurers to secure their data and systems against cyber threats. Some initiatives include regular security audits, incident response plans and implementing appropriate security measures.