Insurance Sector

COMPLIANCE AND DATA PROTECTION

These days, data security breaches are more
common than ever and more expensive.
Global studies show that the average total
cost of a data breach is now USD3.8 million.
Within the insurance sector the loss of
personal and financial data relating to
customers can have severe financial and
reputational implications.
 
For insurance companies, that are responsible for holding vast
amounts of personal and financial data of 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.
 
Using AI and Machine Learning Getvisibility gives insurance
companies the ability to safeguard critical data, wherever it
resides. This comprehensive platform empowers security
teams to automatically analyze what is happening across the
data environment to help minimize risk, protect sensitive
information and prevent loss.

WHAT IS DATA
CLASSIFICATION?

Data classification is a process of consistently categorising data based on specific and pre-defined criteria so that it can be efficiently and effectively protected.

BENEFITS

  • Adopting a proactive, holistic approach to protecting
    sensitive data across all types of platforms.
  • Lowering total cost of ownership by automatically
    discovering risks to sensitive data.
  • Easily adapting to changes in the IT landscape and
    supporting the full data protection journey.
  • Accelerate digital transformation into the cloud with
    integration to Microsoft AIP and other DLP platforms.