Insurance Industry
Data Integrity
OmniSeal
PureCipher’s Data Integrity OmniSeal utilizes advanced proprietary steganography algorithm to embed post-quantum safe encrypted data behind various file types such as images, audios, plaintext files, videos, and executables. The solution allows clients to create and define their own watermarks, using sensitive information as the payload, which is then encrypted and embedded into the host files. This approach ensures that data remains secure and hidden within the files themselves, providing an extra layer of security and tamper-proofing for critical data assets in the insurance industry.
USE CASES
Ensure Data Integrity for Regulatory Compliance
Insurance companies are subject to stringent regulatory requirements, including data protection laws and industry and state specific regulations. The ability to ensure data integrity for all data types, such as financial transactions, customer information, and claims processing/outcomes, is essential to safeguarding the confidentiality, accuracy, and completeness of sensitive data, thereby avoiding costly penalties and legal repercussions. PureCipher’s UMW batch watermarking solution provides a unique capability for users to verify the authenticity of data and to detect potential data tampering and data poisoning, which in turn facilitates compliance with regulatory mandates
Streamline Claims Processing
Timely and accurate claims processing is essential for insurance companies to meet customer expectations and maintain operational efficiency. PureCipher’s UMW batch watermarking solution enables insurance operators to embed unique customer information into their data, to ensure data integrity that can expedite claims processing by reducing the likelihood of errors, discrepancies, or fraudulent claims, leading to faster resolution and improved customer experience.
Prevent Fraud, Enhance Trust, and Transparency
The insurance industry is particularly vulnerable to fraudulent activities such as false claims, identity theft, and policy manipulations. Maintaining data integrity not only helps detect unauthorized alterations or tampering in insurance documents, claim forms, and customer records, it also plays a crucial role in building and maintaining trust with policyholders. PureCipher’s UMW batch watermarking solution will apply user defined watermarks to all data types, such as policyholder information, transactional records, and claims forms, to detect unauthorized alterations and fraudulent activities, thereby safeguarding the integrity of insurance operations and building trust between the insurer and the policyholders.
Mitigate Security and Operational Risks
The insurance industry is a prime target for cyberattacks due to the sensitive nature of the transactions and the personal information involved. PureCipher’s UMW batch watermarking solution provides a layer of security by embedding invisible markers within the digital assets, allowing clients to detect any potential data tampering. The watermarked back-ups also allow clients to recover data very quickly upon a potential disaster such as a cyberattack, earthquake, flooding, or even just a prolonged power outage, without having to spend precious time to figure out the integrity and authenticity of data, which could take days, weeks and sometimes even months.