Allianz PNB Life is fortifying its cybersecurity and fraud prevention strategies by adopting a risk-based approach, with a focus on high-risk assets, regulatory compliance, and customer trust. This new strategy aims to create a more targeted defense against cyber threats by prioritizing the protection of critical resources.
Rosanna Canlas, the company’s Head of Information Security, explained the rationale behind this approach: “We’ve adopted a risk-based method to assess our cyber risks. It’s not a one-size-fits-all solution. We evaluate which assets are most vulnerable and direct our protective measures accordingly.”
The company’s cybersecurity strategy extends beyond technology, integrating closely with its governance and risk management teams. This ensures that security measures are not only effective but also aligned with broader business objectives and regulatory compliance.
“We collaborate closely with our privacy office, IT security, and risk management teams,” Canlas added. “We have a solid information security governance framework to ensure all necessary controls are in place.”
Compliance with both global and local regulations is a key element of Allianz PNB Life’s cybersecurity framework. By aligning with European standards, particularly the General Data Protection Regulation (GDPR), the company ensures that it remains in line with international best practices.
“We benefit from European standards like GDPR,” Canlas noted. “While regulations around new technologies are still developing in the Philippines, aligning with global standards ensures that we stay ahead of potential challenges.”
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