Insurance

Protect your customer’s sensitive data
Secure your network against threat actors

Insurance companies are prone to cybercrimes due to the sheer volume of sensitive data they handle, including financial records, personal identification, and health information. The increasing digitization of insurance processes, while enhancing efficiency, expands the potential attack surface, creating more opportunities for hackers to exploit vulnerabilities in their systems.

Increase in Situation Awareness reduces Risk Perception

Challenges

Target for Cyberattacks:

Financial institutions are easy targets for malicious threat actors, drawn by the lucrative nature of confidential financial information and the potential for substantial monetary gain.

Complex Regulatory Rules:

Compliance with demanding mandates such as PCI-DSS, GDPR, and SEC cybersecurity requirements imposes layers of operational complexities.

Systemic Interruptions:

Security breaches resulting in downtime can impose huge financial losses and damage client confidence.

Dynamic Threat Landscape:

The ever-dynamic threat landscape, including phishing, ransomware, and advanced state-sponsored attacks, necessitates constant vigilance.

Challenges

Data
Piracy

Cybercriminals often attack insurance firms to steal private customer details, like monetary records and personal information.

Optimizing Security & User Interaction

Insurers are required to safeguard data without harming the customer's interaction in an ever more digital world.

Regulatory Compliance

Insurers are obligated to follow rigorous regulatory requirements, including PCI-DSS, with routine checks and reports on safety procedures.

Rising
Cybercrimes

The surge in cybercrimes and data breaches creates challenges in keeping pace with the continuously evolving threat landscape.

Cyber Situation Awareness Overview

Our growing dependency on cyberspace has greatly increased the need for situation awareness — essentially, understanding your environment and accurately predicting and responding to potential problems that might occur.

Cyber Situation Awareness provides both a holistic and specific view of threats and vulnerabilities, allowing organizations the ability to identify, process and comprehend information in real-time. It also enables the accurate perception of an enterprise’s security stance and its threat environment. This, in turn, helps organizations gauge both their current and future risk status and protection posture.

Effective cyber situation awareness requires
1. People to provide effective communications across business units and the ability to analyze disparate information and make sense of it,
2. Technology for collecting, analyzing, and storing a large amount of data
3. The ability to map observations with the context in a way that makes the best use of resources.
4. Understanding of what augmenting data will allow practitioners to make competent inferences.

Levels of Situation Awareness
perception 240-03

Perception

deals with the evidence gathering of cyber situations. CSA allows you to identify apparent and oblivious threat vectors.

Comprehension

understanding of the exact situation, which may be derived from analysis of the set of evidence gathered or perceived of the current cyber situation. CSA empowers you to meaningfully comprehend the scope and nature of threat elements.

Projection

deals with predictive measures to forecast future incidents, situations. CSA channelizes your response by guiding with direction and making it more impactful and effective.

Mica Endsley Model as applied to Cyber Situational Awareness

Solutions

  • Behavioral analytics and deep packet inspection enable insurance firms to spot anomalies in network traffic that might indicate financial fraud, guaranteeing client details and monetary transactions are protected. 
  • Through network visibility across on-prem and cloud environments, Vehere AI Network Security delivers complete security coverage and aids in complying with rules such as PCI-DSS. 
  • Real-time threat detection and integration with SIEM/SOAR platforms allows insurers to respond to threats swiftly, reducing financial loss and reputational damage. 
  • Vehere AI Network Security offers a modular and scalable architecture that ensures complete security for expanding digital insurance services. 

Solutions

Behavioral analytics and deep packet inspection enable insurance firms to spot anomalies in network traffic that might indicate financial fraud, guaranteeing client details and monetary transactions are protected. 

Through network visibility across on-prem and cloud environments, Vehere AI Network Security delivers complete security coverage and aids in complying with rules such as PCI-DSS. 

Real-time threat detection and integration with SIEM/SOAR platforms allows insurers to respond to threats swiftly, reducing financial loss and reputational damage. 

Vehere AI Network Security offers a modular and scalable architecture that ensures complete security for expanding digital insurance services. 

Related Resources

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Enable your organization Cyber Situation Awareness