Hacking a Speed bump, not a Road Block
In the later months of 2012 the online insurance marketplace saw an attack on the integration between SSP and Google Compare. This brought the merits of online trading and issues of data security into focus.
For safety reasons a number of services were suspended for a few days whilst the connection between them and Google Compare was re-established after the attack. These included MoneySupermarket, Go Compare, Confused and Comparethemarket. During the downtime it is said that 30% of business was lost. Aggregators and software providers are an obvious target for hackers with their wealth of customer data and high profile status. The hackers did not get hold of any data and the security measures in place worked to keep customers information safe.
So what has this done for broker's confidence in online trading? The consensus is that brokers are still happy with the systems in place. The security is constantly being improved to keep one step ahead of hackers. Brokers across the country rely on online trading and without it would be left behind in the industry. Customers can put their minds at rest and know that the industry's most important aim is to keep data safe. Keystone managing director Jonathan Davey said, "We treat customer data with the upmost integrity and have all sorts of security measures in place to protect the integrity of that data."
Quote taken from Insurance Age Dec 2012
20.02.13 - MCE Insurance