Protecting Customer and Other Regulated Data
Cybercrime in the financial sector is especially pervasive. Thieves continue to target banks and financial services to steal funds, leveraging holes in cybersecurity for the quickest route to monetary gain instead of the “stick ‘em up” tactics of the past. And because so much of the business conducted by these entities now takes place over digital channels, the burden carried by financial IT is especially hard, as they must balance security and performance to assure customers are safe and satisfied.
At the same time, financial firms are under increasing scrutiny and pressure to comply with many data privacy and protection regulations, such as PCI DSS, FINRA, GLBA, GDPR, and other US and EU mandates. These challenges require a different approach — one that secures the decentralized nature of today’s financial industry.