Prevent Unauthorized Access to Sensitive Insurance Data and Protect Against Data Breaches
Insurance companies are continually at high risk of data breaches. In addition to negative publicity, data breaches often have significant effects on the bottom line, including such costs as regulatory fines, litigation fees, consulting fees, and the loss of customers. Protecting both personally identifiable information (PII) and non-personally identifiable (NPI) information in the insurance industry is not only good practice but also a legal requirement for compliance with data privacy laws.
The risk of data breaches grows every day with increases in the complexity of computer automation, sharing of business applications, mobility of technologies, and IT “off-shoring” and “in-sourcing” to lower costs. More and more insurance data with sensitive information is created, shared, and stored across the enterprise for underwriting, risk management, and claims processing. This turns insurers into prime targets for cyber criminals from both inside and outside their organizations.
The Informatica Data Privacy Solution
The Informatica data privacy solution for insurance providers protects against costly data breaches by preventing unauthorized access to sensitive insurance customer data.
Based on industry-proven, next-generation data masking technology, this data privacy solution enables you to:
- Avoid costly fines and reputational damage by protecting against the risk of data breaches in production and nonproduction environments
- Comply with state, federal, and international data privacy and protection laws
- Accelerate deployment times through prepackaged data privacy and masking policies that quickly create secure test data sets for packaged applications
- Audit, block access to, or dynamically mask sensitive production data and shield PII and NPI—without changing the application database or application source code
Key Capabilities of Insurance Data Privacy
Manual masking methods are error-prone and labor intensive, and existing software solutions are difficult to implement and use. The Informatica data privacy solution for insurance providers enables you to easily and effectively protect against the risks of data breaches across the enterprise. It includes data masking software for nonproduction data and robust capabilities to protect unauthorized access to data in production systems.
Based on a single, comprehensive platform, the Informatica solution features the following capabilities:
- Persistent Data Masking to minimize the risk of data breaches by masking test and development environments created from production data—regardless of database, platform, or location. It provides sophisticated, but flexible masking rules that allow your IT team to apply different types of masking techniques to various data used in testing, training, and other nonproduction environments. The solution shields all PII and NPI—such as Social Security numbers, driver’s license numbers, policy numbers, premium amounts, credit reports, and contact names, addresses, and phone numbers—from unintended exposure to reduce the risk of data breaches.
- Dynamic Data Masking to de-identify data and control unauthorized access to policy management, underwriting, claims, sales, human resources, and other business applications. Built on a patented database network in-line proxy, the software dynamically masks sensitive information and blocks, audits, and alerts end users, IT personnel, and outsourced teams who access sensitive information, while ensuring compliance with international, federal, and state data privacy regulations.