Data classification for the

Financial Services Sector

Financial services

As financial service organizations accelerate their digital transformation, data security breaches are more common than ever and more expensive. Global studies show that the average total cost of a data breach is now USD3.8 million.

Data loss within the financial services industry can have serious consequences for the data processors. Failure to comply with regulations set by SEC and FINRA in the US or the FCA and PRU in the UK can result in significant fines. Getvisibility gives financial service organizations the ability to safeguard critical data, wherever it resides. This comprehensive platform empowers security teams to automatically analyze what is happening across the data environment to help minimize risk, protect sensitive information and prevent loss.

 

Data classification is a process of consistently categorising data based on specific and pre-defined criteria so that it can be efficiently and effectively protected. In addition to simplifying security strategies, it can greatly assist financial firms by reducing risk and ensuring compliance with codes of conduct and industry regulations.

Financial

BENEFITS

Proactive

Adopting a proactive, holistic approach to protecting sensitive data across all types of platforms

Accelerate Digital

Accelerate digital transformation into the cloud with integration to Microsoft AIP and other DLP platforms

Lowering total cost

Lowering the total cost of ownership by automatically discovering risks to sensitive data

Easily adapting

Easily adapting to changes in the IT landscape and support the full data protection journey

Data-centric Security

Business-critical data and intellectual property held in CAD tools and document management systems need a data-centric security approach to be effective

Supports Compliance…

Supports compliance with SOX, Data Protection Act 1998, PCI-DSS, ISO27001, Basel II/III, Financial Conduct Authority (FCA)

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