Insurance companies handle vast amounts of sensitive customer data such as personal information, financial records, and health details. As such, they must comply with strict data protection requirements. Failure to comply with these regulations can result in severe penalties, reputational damage, and loss of customer trust. In this article, you’ll learn about the best data protection practices for the insurance industry.

Most people know what a chief information security officer (CISO) is and how they’re essential to improving an organization’s security posture. The problem is that many organizations have limited hiring resources and it makes little sense to appoint an in-house CISO without tangible ROI. ‍ A virtual CISO or vCISO becomes an excellent solution for organizations that need to enhance their security framework within resource constraints.

Managing compliance across various frameworks and standards can be challenging and confusing. Organisations must earn and maintain compliance with local and international standards and industry-specific regulations, all while keeping up with ever-evolving security and privacy best practices. This is particularly true for startups and scaleups in the ANZ region looking to accelerate growth, expand into international markets, and sell to new and larger customers with higher expectations. ‍

India's Securities and Exchange Board (SEBI) has introduced a new regulatory framework called the Cyber Security and Cyber Resilience Framework (CSCRF). The regulation aims to tighten cybersecurity and data governance for capital market participants. As cyber threats increase globally, the CSCRF is poised to create a stronger defense line for organizations operating in India’s capital markets.

If your business entails collecting and/or processing the personal data of European Union (EU) or United Kingdom (UK) citizens, complying with the General Data Protection Regulation (GDPR) is a priority. ‍ The regulation is quite comprehensive and includes numerous requirements your organization must implement.

Information and digital security frameworks like FedRAMP, CMMC, and ISO 27001 are not static documents. They provide a static framework for your business to comply with and achieve, but that framework is only valid for so long. Several different forces are in play to ensure that the stipulations and security measures outlined in these frameworks remain valid over time.

Vanta’s mission is to secure the internet and protect consumer data. Following the launch of the U.S. Cybersecurity and Infrastructure Security Agency (CISA)’s Secure by Design pledge on May 8, 2024, Vanta continues to reinforce our commitment to our mission daily as one of the first organizations to adopt CISA’s Secure by Design pledge. ‍ This pledge simplifies the implementation of best security practices for software companies—raising the bar for protecting customer data.