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Insurance companies generate a lot of PII and need a way to identify and classify it efficiently.
An insurance company has problems managing files containing PII because it needs to comply with privacy regulations. Its biggest challenge is determining how many files contain PII, where they are located, and how many derivatives and variations exist. Users and systems create and store sensitive files on local PCs, file servers, and cloud repositories. The company needs to encrypt these sensitive files to meet the requirements of these regulations. Users can request to decrypt files when uploading to regulatory agencies or sharing with clients, but frequently the files remained decrypted on user’s PCs, which violates privacy regulations. The Chief Privacy Officer (CPO) and head of Legal need to prove to internal auditors and regulators that they are meeting privacy requirements.
Fasoo Data Radar (FDR) can identify and classify files containing PII and block risk factors in advance through follow-up measures such as encryption. By using tagging technology, FDR detects files in real-time containing all types of sensitive data, not just PII, regardless of location. Files that match criteria in the policy can be efficiently managed. This provides a foundation for identifying and managing previously unknown files, including data generated in real time. Above all, by discovering, classifying, encrypting and assigning access control to all sensitive unstructured data, the company can effectively meet compliance requirements. Extensive logging and reporting in FDR allows the CPO and head of Legal to prove to auditors and regulators that the company effectively manages all PII.
Learn more about data discovery and classification with Fasoo Data Radar.
