Data Protection Is Our Priority

Dec 16, 2021

IPFS Corporation (IPFS) is actively responding to the reported remote code execution vulnerability specific to the Apache Log4j library or the Log4Shell/LogJam vulnerability. IPFS has investigated the issue, and at this time, we have no indication that our core systems that run our SaaS applications are affected by this vulnerability.

IPFS does not use any popular java frameworks, including Apache Struts2, Apache Solr, Apache Druid, and Apache Flink. In addition, IPFS is in contact with third party vendors to monitor any applications that may be vulnerable.

IPFS continues to monitor our endpoint protection systems for any newly introduced resources, and we have configured Infrastructure and Security tools to alert us of any indication of compromise (IOCs) that are available.

IPFS will continue to follow this issue and make appropriate changes to systems as recommended by various industry leaders to ensure a secure and reliable solution.

Data protection at IPFS is a top priority. Technical and procedural controls to remediate existing technology risks and proactively address emerging threats are part of our standard methodology. For more information, contact us here.

Benefits for Insurance Agents

Immediate commission collection, superior account receivable ratios, reduced billing expenses, enhanced service for your clients, increased annual income, and much more. In 2021, we financed more than 700,000 insurance loans across North America, totaling nearly $12 billion in premiums in the US alone.

Benefits for Business Owners

Financing your commercial insurance premiums gives you the flexibility to use your working capital more effectively. Freeing up capital can allow you to focus on product development, hiring new employees, marketing and other investments to grow your business.

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Benefits for Insurance Companies

The insurance industry is digitally enhancing its purchase and service model to elevate the customer experience for insureds. This is where IPFSDirect^® steps in. IPFSDirect is a business unit established under IPFS Corporation who works exclusively with insurance companies providing payment and collection services.