The insurance sector faces massive pressure to embrace digitalization and innovation. Customers increasingly demand 24/7/365 services anywhere on their preferred device, which increases the risk of cyberattacks. The insurance sector is a natural target for cyber-attacks because of the large amount of personal data they store about policyholders. This data enables them to provide more personalized services and products to customers, making them more willing to share sensitive personal data. In contrast to other industries, where data breaches often affect only financial data, in the insurance sector, it typically means loss of protected personal sensitive information about individual customers.
The impact of a cyberattack on an insurance company is often multifaceted. In addition to monetary loss companies will often face:
In a rapidly interconnected and digitalized online marketplace cyberattacks are inevitable. Seeing as it is eutopic to think that a company can completely escape every threat, it is much better to be constantly vigilant and prepared for such attacks by:
Cryptomathic is a leader in cryptographic technology and provides organizations in the insurance sector with reliable and high-quality solutions to meet all their data security needs and compliance needs. Our adaptive solutions in the field of mobile app security, key management, qualified electronic signing, and crypto-agility give you maximum usability without compromising on data protection, letting you focus on what matters: growing your business.
Cryptomathic’s solutions are aimed at addressing requirements for:
"With Cryptomathic’s issuing and authentication solution, Elan is now providing an integrated solution that delivers the end-to-end EMV environment, from card issuance to payment authorization. This is a great benefit for Elan and our clients - improving efficiency and security while achieving compliance."
"Previously, our clients had to print, sign and send documents manually for compliance reasons. Now they can do it in a smart, easy and time-saving way. Thanks to the Cryptomathic Signer solution they can sign their contracts digitally in e-Banking – while meeting all legal and compliance requirements."
“CSG has enabled us to accelerate the delivery of crypto applications while generating financial and effort savings.”
“Cryptomathic’s solution has enabled Swedbank to meet its compliance requirements and significantly reduce the cost of key management to security operations.”
“Initially selected as a technology supplier, Cryptomathic is now a key partner for the ongoing development and expansion of our strong authentication and digital signature service portfolio. Cryptomathic has been more than capable of understanding our market requirements and together, we are now taking the additional step of launching an innovative offering in mobile security”
“We are delighted with the service provided by Cryptomathic in delivering a robust, flexible and future proof authentication solution for the Open24 channels. We got exactly what was promised on day 1 and customer feedback has been good.”
“We chose to partner with Cryptomathic for its market-leading position and unrivalled experience in this field. The CardInk solution offers First Data and our clients the security, flexibility and scalability required in today's rapidly evolving payments market.”
“Cryptomathic CardInk has been chosen as the only external element to the MasterCard Mobile Over-the-Air Provisioning Service, as it provides MasterCard with an industry-leading data generation solution, which is highly secure, efficient and scalable to future programme requirements.”
At the leading edge of security provision within its key markets, Cryptomathic closely supports its global customer base with many multinationals as longstanding clients.
Are banking and payment apps adequately secure against known and unknown attacks? Understand the threat landscape and how MASC's evolutionary security strategy can overcome such threats and provide
360º protections against attacks.
This white paper provides a business-focused look at the challenges of managing cryptography in the financial sector and the benefits available from a centrally managed, agile cryptographic platform.
What are the important attributes to consider when evaluating a key management system? This paper describes a variety of systems that exist in the market and provides guidance to narrow down the field to best meet your requirements.
Lack of overview or trouble
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