While signing, scanning and emailing a contract may seem like the fastest way to finalize an agreement, this method can leave insurance companies incredibly vulnerable to cyberattacks including data theft, extortion and malware installation. (Credit: TippaPatt/Shutterstock.com) While signing, scanning and emailing a contract may seem like the fastest way to finalize an agreement, this method can leave insurance companies incredibly vulnerable to cyberattacks, including data theft, extortion and malware installation. (Credit: TippaPatt/Shutterstock.com)

The insurance industry saw an unprecedented rise in the adoption of digitized contracts and eSignatures due to COVID-19 and its aftereffects.

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