As a member of the insurance industry, you understand the critical importance of managing liability. At Maxxum, it’s our job to serve as a barrier between your company and potential liability.
Say No to Hackers.
From medical records and financial histories to Social Security numbers and claims details, insurers manage a vast array of personal information. This makes them prime targets for cyberattacks, identity theft, and fraud.
Trust is the Currency
A data breach in the insurance industry can erode decades of customer loyalty. Data protection is central to maintaining policyholder confidence and brand reputation.
Even decommissioned laptops, servers, printers, scanners, or claims systems can contain residual data. Insurers must:
- Use certified ITAD providers like Maxxum
- Track assets via chain-of-custody
- Obtain certificates of destruction for audit and compliance
Compliance
Regulatory Compliance
National Association of Insurance Commissioners (NAIC) Model Laws set the standards for data security and incident response across all 50 US states. The NAIC Insurance Data Security Model Law requires:
- Annual risk assessments
- A formal information security program
- Timely breach notifications to regulators and affected individuals.
In addition, insurance companies must comply with many other strict regulations, including:
- GLBA (Gramm-Leach-Bliley Act): Requires safeguarding consumer financial data.
- HIPAA: Applies to health insurers handling Protected Health Information (PHI).
- GDPR/CCPA/ICPPA: Enforce strict privacy rights and breach notification rules.
MaxxumSAFE provides records for data sanitization and asset disposition to support your audits.
Want Guidance? Let’s Talk.
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