How does a cutting-edge DSP/ABAC platform reduce risk and costs?

1 May, 2024
2 min read

Organizations today face increasing challenges in protecting sensitive information and ensuring compliance with regulations such as HIPAA and CMMC. A cutting-edge approach to data security and access control is essential, and that’s where a Data Security Platform (DSP) combined with Attribute-based Access Control (ABAC) comes into play.

At its core, an effective DSP/ABAC platform provides a centralized solution for managing access to data by all users, ensuring that sensitive information is protected and accessed only by authorized individuals. This approach offers several key benefits that can help organizations reduce risk and lower costs.

Deploying a centralized DSP/ABAC platform protects access to data by all personas in three main domains:

  1. Cloud analytics: Enforcing dynamic authorization, fine-grained access control, and de-identification (FPE encryption, tokenization, masking) while accelerating time-to-analytics and minimizing self-service request approval cycles.
  2. Privileged data access control: Dynamic masking and encrypting sensitive data, PII, and PHI while enforcing “need-to-know” access for all critical data platforms in multi-cloud and hybrid environments.
  3. Providing observability: Dynamic authorization and encryption at-rest and in-use for applications (native-cloud, COTS, and home-grown).

Aligning DSP outcomes for these overarching use cases delivers:

  1. Elevated HIPAA compliance and extended safe harbor: With SecuPi’s de-identification, ABAC, and real-time observability to PHI data capabilities, customers can be sure to be compliant with both out-of-the-box Safe Harbor rewriters and provide the tools for expert determination while reducing the cost of compensating controls. (e.g., De-identification of zip codes, dates/age is instrumental for safe harbor.)
  2. Cost reduction and operational resiliency by enabling off-shore operations: De-identifying sensitive, PII, and PHI data through all ways to data (applications, logs, direct DB tools) allows offshore and outsourced operations while keeping strict alignment with HIPAA, CMMC, and data residency requirements.
  3. Cyber Insurance cost reduction: Dynamic and physical encryption, masking, and deletion allow for better alignment with cyber insurance and substantially reduce these high insurance costs.
  4. Data-sharing risk reduction: A centralized DSP de-identification platform ensures all data-sharing processes are aligned with their respective agreements.
  5. Risk-reduction and regulatory resilience: With dynamic masking, encryption at-rest and in-use, coupled with real-time observability for abnormal patient data access.

A recent Fortune 50 Healthcare company asked us to build a business case for SecuPi. To get the full business case details, click here.

 

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