Case Study: Specialty Auto Insurance Company accelerates enterprise risk management with Optiv

Specialty Auto Insurance Company accelerates risk management with Optiv and 6,000-company security expertise

Specialty Auto Insurance Company, a large specialty automotive insurance provider, was growing rapidly through acquisitions but lacked visibility into its data-related risks and could not meet various compliance requirements. With a non-operational enterprise risk management (ERM) process, the company needed to secure sensitive customer data and adhere to regulations like PIPEDA and PCI. They engaged Optiv to address this challenge using its Risk Transformation Service (RTS).

Optiv implemented a tailored, ISO-based IT security risk management program to close the ERM gap. This solution included risk identification, analysis, and reporting, alongside training and tabletop exercises. As a result, the client raised executive awareness of cyber risks, identified key focus points for its ERM program, and established a dedicated cyber risk management team. Optiv successfully transitioned these new, repeatable processes to the client's operational staff, establishing a valuable partnership for future governance and compliance initiatives.