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- RANKING OF LIFE INSURANCE CIMPANIES IN USA BY CLIENT BASE HOW TO
- RANKING OF LIFE INSURANCE CIMPANIES IN USA BY CLIENT BASE PRO
All sensitive data should be cryptographically hashed.
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RANKING OF LIFE INSURANCE CIMPANIES IN USA BY CLIENT BASE PRO
Pro Tip: Don't be like Facebook and store passwords in plain text. The solution: To avoid a potential business and financial disaster, it is always in your best interests to ensure all client data is protected, not just behind a firewall, but with a detailed security policy that is enforced by all employees, partners, and stakeholders.
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In some cases, you may be governed by HIPAA regulation, or the GDPR if you do business with EU citizens, and it is your responsibility to comply. You have a legal responsibility to protect all information that is collected and stored for the purposes of doing business. Lawsuits from clients may ensue if the company experiences a breach that leaves client data vulnerable. "The first thing to come to mind are data breaches, but it's important to look beyond those towards GDPR-centric legal issues." Will Ellis is a Senior Technology and IT Security Consultant and Owner of the Advocacy Group Privacy Australia.
RANKING OF LIFE INSURANCE CIMPANIES IN USA BY CLIENT BASE HOW TO
Read on to learn more about the top security considerations insurance companies should be aware of and how to mitigate those security risks. As such, they're also highly regulated, and more states are adopting the Insurance Data Security Model Law (most recently, Alabama), requiring insurance companies and other entities (those licensed under the Department of Insurance) to implement and maintain an information security program to better protect consumer data.īut what are the most pressing security considerations facing insurance companies today? To find out, we reached out to a panel of security pros and insurance industry executives and asked them to answer this question: "What are the top security considerations for insurance companies & how to mitigate?" Meet Our Panel of Security Pros & Insurance Executives: 20 Security Pros Reveal the Top Security Considerations for Insurance Companies (& How to Mitigate Risks)Ĭompanies in the financial services sector, including insurance companies, are heavily targeted by cyber attackers due to the large volume of personally identifiable information – including ultra-sensitive consumer financial data – these businesses handle. How can insurance firms best mitigate cybersecurity risks? We asked 20 experts. Thanks to the wealth of sensitive data they handle, they're also popular targets of hackers. When it comes to cybersecurity, the insurance industry is subject to a range of regulatory issues.