| |DECEMBER 20228EFFECTIVE WAYS TO IMPROVE DATA SECURITY IN INSURANCEBy Bibhu Krishna, IT Head, PolicybazaarBibhu is a Microsoft-certified engineer and a BCA graduate,is responsible for managing the end-to-end IT infrastructure and ensuring a seamless experience for customers across all touch-points. s much as we continue to thrive in a data-centric world, it becomes equally crucial to address the concerns regarding data security too.In the digital age, where most of the data locationsare connected through Internet, it only takes a moment for someone with technical knowhow to get access to private data if it is not well-protected. Especially when the data has financial element involved, there is sufficient motive to get unlawful access and exploit it for personal gains. It is only fair to say that in a sector like insurance, there is no scope of compromising data security. The amount of sensitive data the industry deals with, as well as their financial position and structure, can make them sitting ducks in the absence of robust data security. For an insurance industry player, this means ensuring that its workforce is trained security in best practices for handling sensitive information, such as social identification and bank account details regarding claims. Needless to say, it also means implementing a watertight security net when it comes to protection of data. Here's how to be more vigilant about what happens on the Internet outside the walls of the organisation.Implementing Proper Guardrails In the insurance industry, a breach can be prevented proactively using data analytics to Expert OpinionASaurabh Tiwar Chief Technology OfficerBibhu Krishna IT Head
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