For some years now, I have been blowing my somewhat lonely horn about the poor state of data security in the insurance and financial services industries. To be sure, there have been attacks on our industry’s enterprises—some of them very costly—yet we don’t seem to have felt the pain acutely enough to make security an industry-wide priority. “Sure, it happened to someone else, but it won’t happen here,” some loopy-brained supporters of non-action have insisted.

Now a letter from David Jevans, CEO of IronKey, to his company’s customers has again shed light on this situation, and has found that the tide of crime is turning ominously in the direction of financial services. “The first half of 2010 illustrated that security threats against our data, applications and networks continue to grow,” his letter states. “As an industry, we are seeing ever more data breach notifications, where unencrypted data is lost or stolen.

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