Data Security for Insurance Companies

Every organization is faced with different risks. The insurance industry allows you to transfer your risk to them while paying monthly insurance charges. Despite the importance of insurance companies, recent years have seen increased data breaches in these organizations. This means that cybersecurity in insurance companies is a big concern that needs to be addressed. Ensuring data security is not only a legal requirement but also helps the firm to retain its customers and increase its revenues.

Challenges

Insurance data is highly valued by cybercriminals and hackers due to their more significant stake. Another big challenge that insurance companies face in securing their information is their multi vulnerabilities such as insider threats, customer portals, cloud data storage and credit card transactions. Compliance with regulations is also a big challenge. Some of the regulations include; PCI DSS, HIPAA/HITECH, State data breach notification laws, Sarbanes-Oxley, GLBA, and Data Residency/Data Sovereignty

Benefits

Triniti IT has specially designed solutions suited for the insurance industry. Our solutions are advantageous in that they ensure regulatory compliance, they are easy to install and use, and enhance organizational performance.