5 ways data classification can prevent an insurance data breach
Image by Yohan Creemers
Insurance firms collect and process large amounts of policyholder data including personally identifiable information (PII) and protected health information (PHI), as well as sensitive employee and company information that must be protected. Confidential data is the core of the business, and companies that collect and analyze it more effectively have a competitive advantage. And with the cost of file sharing and synchronization technology decreasing, actuaries are able to analyze and share data in real time. However, this also increases the number of unnecessary copies of sensitive business and consumer data.
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