AllianAllianz PNB Life strengthens cybersecurity with risk-based approach

The company prioritizes high-risk assets, regulatory compliance, and customer trust.

Allianz PNB Life is reinforcing its cybersecurity and fraud prevention strategies by adopting a risk-based approach, enhancing collaboration across departments, and aligning with global regulatory standards. This strategy prioritises high-risk assets, ensuring a more targeted and effective defense against cyber threats.

“We’ve gone for a risk-based approach in terms of assessing our cyber incentive risk,” said Rosanna Canlas, Head of Information Security, Allianz PNB Life. “It’s not one-size-fits-all for all your assets. You have to assess which ones are at risk and focus your protection accordingly.”

Beyond technology, Allianz PNB Life integrates cybersecurity efforts with governance and risk management teams. This collaboration ensures that security measures align with broader business objectives and compliance requirements.

“We work closely with our privacy office, IT security, and risk management,” Canlas explained. “We have information security governance in place to ensure all controls are properly implemented.”

Canlas emphasized that compliance with global and local regulations plays a crucial role in shaping the company’s cybersecurity strategy. Allianz PNB Life leverages the expertise of its European headquarters, adhering to stringent General Data Protection Regulation (GDPR) standards.

“We actually benefit from European standards, like GDPR,” she said. “Locally in the Philippines, regulations on new technology are still evolving, so aligning with global best practices helps us stay ahead.