Insurance companies are often lucrative, and therefore common, targets for malicious hackers. With a variety of objectives to meet— protecting enterprise assets, keeping customer data secure, complying with all relevant regulations— insurance companies must implement robust security solutions that do not interfere with day-to-day business processes.
Insurance providers must protect customer data, strategic business plans, and other sensitive information to comply with regulations and maintain consumer confidence. With GaraSign, the process of encrypting all data, whether at rest or in transit, is drastically simplified. Authorized and authenticated end-users can quickly and efficiently decrypt and access the data as needed.
Username and password-based authentication is comparatively easy for attackers to compromise. It’s widely considered best practice to implement key-based authentication, via protocols like mutual TLS and SSH, whenever possible. GaraSign simplifies key-based authentication and even makes it possible to enforce granular controls, such as MFA and device authentication, without needing to modify existing applications or manually reconfigure servers.
Forrester published a study in 2018 that found that a full “80% of data breaches have a connection to compromised privileged credentials, such as passwords, tokens, keys, and certificates.” GaraSign helps insurance companies secure privileged credentials, such as SSH keys, TLS keys, and RDP keys, without limiting access for authorized end-users or causing performance bottlenecks.
For most insurance companies, the process of digital transformation is well under way. As such, cloud security a primary focus. GaraSign helps customers strengthen cloud security with encryption of all data and applications stored in third-party provided clouds, support for customer-managed keys in a BYOK design, hardware-level protection for decryption keys, and seamless decryption for authorized users whenever necessary.
Insurance companies must protect themselves ransomware attacks to reduce the risk associated with this threat. With GaraSign, insurance enterprises easily create secure backups that are digitally signed, cryptographically timestamped, and encrypted, to ensure a seamless restore process in the event of a real attack.
Schedule a demo to see how GaraSign can improve the security and performance of cryptographic operations throughout your environment.