Allianz PNB Life, a leading insurance company, is prioritizing cybersecurity and fraud prevention by adopting a risk-based approach. The company recognizes that not all assets are created equal and that a targeted defense is necessary to protect high-risk assets from cyber threats. According to Rosanna Canlas, Head of Information Security, the company assesses each asset’s risk level and focuses its protection efforts accordingly. This approach ensures that resources are allocated efficiently and effectively to mitigate potential threats.
To implement this strategy, Allianz PNB Life has established a collaborative effort between its cybersecurity, governance, and risk management teams. This integration ensures that security measures align with broader business objectives and compliance requirements. The company’s information security governance framework guarantees that all controls are properly implemented, and its privacy office, IT security, and risk management teams work together seamlessly.
Compliance with global and local regulations is also a top priority for Allianz PNB Life. The company benefits from its European headquarters’ expertise and adheres to stringent General Data Protection Regulation (GDPR) standards. By aligning with global best practices, Allianz PNB Life stays ahead of evolving regulations in the Philippines. This proactive approach enables the company to maintain customer trust and protect sensitive information.
By prioritizing high-risk assets, regulatory compliance, and customer trust, Allianz PNB Life demonstrates its commitment to robust cybersecurity and fraud prevention. The company’s risk-based approach, collaboration across departments, and adherence to global standards position it as a leader in the industry. As technology continues to evolve, Allianz PNB Life’s proactive and adaptive approach will help it stay ahead of emerging threats and maintain its reputation as a trusted and secure insurance provider. By investing in robust cybersecurity measures, the company can ensure the protection of its customers’ sensitive information and maintain their trust.