Importance of Regulatory Compliance and Data Protection for Insurance
The leading insurance companies all know how to effectively manage risk throughout their business. Mitigating that risk includes safeguarding the volumes of digital data created every day, like personally identifiable policyholder information and intellectual property like actuarial tables and pricing models. Business leaders need a way to know they can offer innovative solutions to their customers securely. Information security leaders need to document compliance and see when sensitive data is at risk to prevent breaches.
“It is critical that insurance companies make sufficient investments and become much more sophisticated in the application of the breakthrough technologies that are increasingly being used by cyber criminals.”
Source: Accenture Security, 2018 State of Cyber Resilience for Insurance
Key Challenges
Digital Guardian’s Data Protection Platform Delivers
Visibility into What Data to Protect
Understanding of What Data is at Risk
Enforcement and Education with Flexible & Automated Controls
Support for Evolving Compliance Regulations
Secure Your Sensitive Assets Against Insider and Outsider Threats
Policyholder Details
- Personally Identifiable Information (PII)
- GDPR Special Data
Compliance Data
- Payment Card Industry Data Security Standard (PCI DSS)
- General Data Protection Regulation (GDPR)
- Health Insurance Portability and Accountability Act (HIPAA
Intellectual Property
- Actuarial Tables
- Client Acquisition Strategy
- M&A Plans