With ever-evolving data protection laws, insurance providers are becoming more reliant on technology to meet data protection regulations and reduce risk within organizations.
For insurance companies, who are responsible for holding vast amounts of personal and financial data on their customers, a data breach can cause irreparable damage, decrease company value and even impact the wider economy. This is to say nothing of the severe financial penalties that can be imposed by regulators for failure to comply with data protection legislation.
The Challenge
Insurance companies rely on both regulated data such as client details and intellectual property including actuarial tables to serve their customers. Both have value to attackers, whether internal or external to the firm.
Security teams at these firms must balance the compliance risks of emerging solutions with customer demands for innovative, digital experiences.
The Solution
Data Loss Prevention
Leading insurance firms from across the globe trust Fortra to safeguard their sensitive data. Fortra enables data privacy compliance while securing the innovative digital experiences today’s customers demand.
Fortra's enterprise wide data protection platform provides the deepest visibility, real-time analytics, and flexible controls to protect client account information and your intellectual property against insider and outsider threats.
Your sensitive data is protected, wherever it lives or is shared – across networks, storage, endpoints, or in the cloud. And since you may have data on Windows, Mac, and Linux machines, you need a solution that protects them all.
Data Classification
Industry-leading data classification tools such as Fortra's Classifier Suite are already helping insurance companies to deliver tangible benefits such as increasing security awareness and culture, reducing risk, improving data governance and protecting intellectual property and client data, whilst ensuring compliance with key industry regulations.
Using Fortra Data Classification helps Insurance firms enforce corporate policy on the handling and distribution of sensitive customer and business information. It also empowers users to take ownership of the data that they use on a daily basis, improving the quality of the data at the same time and improving security culture.
Classifier provides both visual labelling to enhance user-awareness and vital metadata, which can be used to trigger other technologies and processes such as Data Loss Prevention, Data Retention and Encryption solutions.
Benefits
See what insurance data to protect
Identify and tag your sensitive insurance data in real-time, even before you develop formal policies. Accurately identify both structured data such as client data (PII) and unstructured data like actuarial tables. Then, build policies to reduce risk to your business based on data, not speculation.
Understand when your insurance data is at risk
Fortra DLP's Analytics and Reporting Cloud uses a big data cloud services architecture and innovative UI to aggregate and analyze your system, user, and data events then turn that data into actionable intelligence. Whether you are a CISO, InfoSec analyst, threat hunter, or incident responder we’ll show you what matters to you.
Enforce and educate
Fortra DLP's flexible and granular controls support regulatory compliance and ensures that sensitive insurance data does not leave your organization. Real-time prompts increase employee awareness and educate users on proper use of customer PII and company IP. Our unique contextual awareness and proven methodology lets you minimize risk without slowing down your business.
One of the big assets for me is that as soon as we had an agent pushed out, within a couple of hours, I was able to see what my risk footprint is as far as what data is where…not even acting on any of the data at all; it was knowing what was where and where the biggest risk is. That's pretty incredible.
VP Information Security Insurance Services Firm
Selected by Leaders in the Cyberinsurance Industry to Reduce Cyber Risk
Fortra DLP answers the question: “What cybersecurity products does our insurer value most from a risk underwriting perspective?"
