Insurance Companies are Now Software Companies
Digital transformation has turned some of the most established and reliable consumer brands into software-first companies. Now, they need to manage identity credentials at scale and track increasing identity risks.
As some of the most trusted consumer brands for auto, home and life insurance have gone all-in on their digital presence, two outcomes need to be addressed: phishing-resistant authentication for their own users that stops cyber attacks before they happen; and identity risk insight to see where the thousands of identities they generate and rely on – both human and machine – may be at risk
As some of the most trusted consumer brands for auto, home and life insurance have gone all-in on their digital presence, two outcomes need to be addressed: phishing-resistant authentication for their own users that stops cyber attacks before they happen; and identity risk insight to see where the thousands of identities they generate and rely on – both human and machine – may be at risk
Key Identity Challenges in Consumer Insurance
Phishing Attacks
Maintaining Customer Trust
Data Protection
Identity Risk Insights
Upgrading Legacy Systems
One aspect of being a digital-first company is shifting customer communications from phone calls and coffee shops to email and web. These are, of course, the favorite hunting grounds for phishing gangs, and old defenses are no match for their new tactics.
The new all-digital customer demands more: more access, more immediacy, and more security. Consumer insurance companies who are rolling out web apps and mobile offerings need to stay abreast of the latest MFA technologies like FIDO support and advanced credential management.
Safeguarding customer information in a digital world is more complicated than ever before. And yet, no industry segment has more to lose by failing to safeguard their customer’s personal data than consumer insurance companies. Strong, phishing-resistant MFA protects not just your staff and your applications, but also your brand.
As insurance companies rely on more identities – for cloud operations, mobile apps, new systems, and digital consumer offerings – they need insight into mounting identity risks. Insights that reveal over-permissioning, potential compromise, or stale or outdated credentials need to come to light sooner rather than later.
Many consumer insurance companies have been around for a long time, and need to transition to new cloud, SaaS and IaaS-based platforms. Sometimes this puts tremendous stress on their existing authentication workflows… especially if they want to extend FIDO or PKI solutions to their customers.
Phishing Attacks
One aspect of being a digital-first company is shifting customer communications from phone calls and coffee shops to email and web. These are, of course, the favorite hunting grounds for phishing gangs, and old defenses are no match for their new tactics.
Maintaining Customer Trust
The new all-digital customer demands more: more access, more immediacy, and more security. Consumer insurance companies who are rolling out web apps and mobile offerings need to stay abreast of the latest MFA technologies like FIDO support and advanced credential management.
Data Protection
Safeguarding customer information in a digital world is more complicated than ever before. And yet, no industry segment has more to lose by failing to safeguard their customer’s personal data than consumer insurance companies. Strong, phishing-resistant MFA protects not just your staff and your applications, but also your brand.
Identity Risk Insights
As insurance companies rely on more identities – for cloud operations, mobile apps, new systems, and digital consumer offerings – they need insight into mounting identity risks. Insights that reveal over-permissioning, potential compromise, or stale or outdated credentials need to come to light sooner rather than later.
Upgrading Legacy Systems
Many consumer insurance companies have been around for a long time, and need to transition to new cloud, SaaS and IaaS-based platforms. Sometimes this puts tremendous stress on their existing authentication workflows… especially if they want to extend FIDO or PKI solutions to their customers.
How Axiad Helps Consumer Insurance Companies
Upgrade to Phishing-Resistant MFA
Deploy Zero Trust Architecture
Achieve Seamless Integration
Automate Credential Management
Manage Machine Identities at Scale
Real Results for Insurance & Financial Institutions
Future-Proofed with Axiad Conductor
“Axiad PKI addresses our use cases without increasing cost and complexity. We know that as we continue to update our cybersecurity infrastructure, we can count on Axiad to secure our users, machines, and more with their platform.”
Achieve Compliance with Axiad Cloud
Meet stringent security and compliance standards such as NIST, FedRAMP, and PCI DSS. Axiad Conductor offers phishing-resistant authentication and credential solutions that comply with the latest regulations and guidelines.
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Ready to Secure Your People and Your Machines?
Take the next step in securing your employees, partners, and adjacent teams with Axiad’s solutions for phishing-resistant multi-factor authentication and identity risk management.
