INSURANCE PROVIDERS

Vormetric Data Security Solutions

Data Security for Insurance Providers

The insurance industry manages risk, and recent insurance-company data breaches demonstrate cyber security is one of the biggest. It is not only a legal and regulatory risk, but a risk that must be managed to retain customers, maintain profitability and protect executive careers.

Insurance companies are a very appealing target to hackers. According to the Pittsburgh Post Gazette:

“The value of personal financial and health records is two or three times [the value of financial information alone], because there’s so many more opportunities for fraud,” said David Dimond, chief technology officer of EMC Healthcare, a Massachusetts-based technology provider. Combine a Social Security number, birth date and some health history, and a thief can open credit accounts plus bill insurers or the government for fictitious medical care, he noted.

Not only do insurance companies have data cyber criminals want, but these companies have multiple vulnerabilities, including:

  • Customer portals
  • Credit card transactions
  • Insider threats
  • External hackers (credential acquisition)
  • Big data warehousing and applications
  • Cloud data storage
  • Employees using content management solutions
  • The need to consolidate operations and data (e.g. acquisitions)

Insurance companies also need to comply with a number of regulations that might include:

Today’s insurance companies frequently use outdated mix-and-match security solutions while cyber criminals attack them with the most advanced cyber weapons available. Insurance companies need to update their data security with an enterprise-level solution that not only meets the most challenging compliance constraints but also delivers true security from breach. They need a solution that works:

  • With all kinds of data
  • On multiple operating systems
  • In multiple environments

And, like most organizations, insurance companies need to do all this with limited human resources, funds, hardware and software.

The Vormetric Solution

Vormetric Data Security Platform Delivers Data-at-Rest Security to Encrypt Everything, Everywhere

Vormetric Data Security Platform Delivers Data-at-Rest Security
to Encrypt Everything, Everywhere

How Vormetric Solutions Work

The Vormetric Data Security Platform is the only solution with a single extensible framework for protecting data-at-rest under the diverse requirements of insurance companies across the broadest range of OS platforms, databases, cloud environments and big data implementations. The result is low total cost of ownership, as well as simple, efficient deployment and operation.

  • Vormetric Transparent Encryption provides file and volume level data-at-rest encryption, secure key management and access controls required by regulation and compliance regimes.
  • Vormetric Data Security Intelligence provides another level of protection from malicious insiders, privileged users, APTs and other attacks that compromise data by delivering the access pattern information that can identify an incident in progress.
  • Vormetric Application Encryption enables enterprises to easily build encryption capabilities into internal applications at the field and column level.
  • Vormetric Key Management enables centralized management of encryption keys for other environments and devices including KMIP compatible hardware, Oracle and SQL Server TDE master keys and digital certificates.
  • Vormetric Tokenization with Dynamic Masking lets administrators establish policies to return an entire field tokenized or dynamically mask parts of a field. With the solution’s format-preserving tokenization capabilities, administrators can restrict access to sensitive assets, yet at the same time, format the protected data in a way that enables many users to do their jobs.

Compliance

Vormetric security solutions are designed to help you comply with:

Be Protected in Weeks not Months, Whatever Your OS

Vormetric can work with you to install its Data Security solutions in weeks rather than months. Vormetric’s solutions work with most major operating systems, including Linux, UNIX and Windows servers in physical, virtual, cloud and big data Cardholder Data Environments (CDE).

Easy to Use and Doesn’t Hurt System Performance

Vormetric Data Security makes it simple to solve security and compliance concerns by simultaneously defending data in databases, files and big data nodes across public, private, hybrid clouds and traditional infrastructures. Central management of the entire data security platform makes it easy to extend data security protection and satisfy compliance requirements across the entire enterprise, growing as required, without adding new hardware or increasing operational burdens.

Customers typically report no perceptible impact to end-user experience when using Vormetric solutions. Vormetric performs encryption and decryption operations at the optimal location of the files system or volume manager taking advantage of hardware cryptographic acceleration, such as Intel® Advanced Encryption Standard-New Instructions (Intel® AES-NI) and SPARC Niagara Crypto, to speed the encryption and decryption of data.

Collectively, this leads to the most cost-effective solution on the market.

To learn more about Vormetric’s solutions for Insurance, contact us.

WHITE PAPERS

2014 Global Compliance: The legal obligations for encryption of personal data...

Updated for 2014, this document examines the global legal obligations to encrypt personal data – included both...

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VORMETRIC eBOOK

The Stand –Vormetric on Cybersecurity

Vormetric on cybersecurity

Securing Data In A Unsecure World which will provide you with specific information on the state of security today ...

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Customer and Partner Success

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  • Delta Dental