Data Protection, Cryptography + IAM Solutions for the Insurance Industry

Accutive Security has deep Insurance industry expertise across a broad range of solutions including Data Discovery and Data Masking, PKI, CLM, HSMs, MFA, SSO, Secrets Management, Key Management, Data Encryption, and CIAM.

Data Masking + Test Data Management for the Insurance Industry

Accutive Data Discovery + Masking (ADM) for Core Insurance Platforms:

A top rated data discovery + masking solution with automated PCI DSS, PII, SOX, GDPR (EU), Gramm-Leach-Bliley Act, Dodd-Frank, SFTR, MIFID II, PSD2, HIPAA / PHIPA (health insurance), and PIPEDA (Canada) compliance to protect your insureds, brokers, employees + other stakeholders.

Empower your teams to securely analyze financial data and develop + test new systems with no risk of exposing sensitive data

Advanced Discovery + Masking for Core Insurance Platforms, including Guidewire and Duck Creek

AI-powered automated data discovery and masking capabilities

Consistent, accurate masking across all your files + databases

Referential integrity ensures that each customer is masked in the same way across all databases (optionally you can also have the customer masked differently in each case)

Cryptographic Protection for the Insurance Industry

Building a secure cryptographic framework to ward off cyber threats, using the cryptographic triad:

Public Key Infrastructure (PKI)

Verify the identity of individuals and machines on your network using digital certificates and protect your highly sensitive data from being compromised.

Certificate Lifecycle Management / Automation (CLM/CLA)

Prevent outages and stay compliant. We offer HIPAA-compliant CLM/CLA solutions to ensure your digital certificate lifecycle is seamlessly managed and automated.

Key Management, including Hardware Security Modules (HSMs)

The foundation of trust and the enabler of PKI by providing + guarding your cryptographic keys.

Identity and Access Management (IAM) for Insurers

A robust Identity and Access Management framework is necessary for insurers to prevent unauthorized access to highly sensitive financial, health and personal information. We work with insurers to build robust compliant IAM frameworks including

Multi Factor Authentication (MFA)

Single Sign On (SSO)

Secure convenience for busy financial services employees.

Access Control

Role-based access control and Attribute-based access control for compliance

Privileged Access Management (PAM)

to provide oversight over ‘privileged’ accounts such as administrator accounts to prevent breaches

Safeguarding Physical Access

including smartcards

Insurance is one of the most targeted industries for cyberattacks and data breaches

80%

Of Financial Services organizations experience at least one breach in the last 12 months

31%

Of Financial Services organizations were victimized by dreaded ransomware attacks in 2023 according to Deloitte

$6 Million

Average cost of a financial services data breach in 2023 according to IBM, higher than the average

Accutive Data Discovery + Masking (ADM) for Financial Services

Learn how a national Canadian bank successfully used ADM to discover, protect + mask their most sensitive data, including core banking data

Challenging realities of the Insurance Industry

Insurers manage large amounts of highly sensitive PII, PHI and financial data that is an ideal target for cybercriminals

Persistent Threats Targeting Financial Data

Ransomware attacks, data breaches, and evolving cyber risks threaten your customers / members and your financial institution’s bottom line

Navigating Regulatory Compliance

Ensuring compliance while strengthening cybersecurity is a challenge, and non-compliance risks penalties and reputation damage.

Legacy Systems Vulnerabilities

Antiquated IT infrastructure can leave you susceptible to cybersecurity vulnerabilities.

High Stakes Data

The stakes in financial services are higher than other industries. Personal financial information is highly sensitive and must be safeguarded at all costs.