Financial Services Sector

COMPLIANCE AND DATA PROTECTION

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.
 
In the highly regulated financial services industry data
management is more essential than ever. 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.

WHAT IS DATA
CLASSIFICATION?

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.

BENEFITS

  • Adopting a proactive, holistic approach to protecting
    sensitive data across all types of platforms.
  • Accelerate digital transformation into the cloud with
    integration to Microsoft AIP and other DLP platforms.
  • Lowering total cost of ownership by automatically
    discovering risks to sensitive data.
  • Easily adapting to changes in the IT landscape and support
    the full data protection journey.
  • Business-critical data and intellectual property held in CAD
    tools and document management systems need a
    data-centric security approach in order to be effective.
  • Supports compliance with SOX, Data Protection Act 1998,
    PCI-DSS, ISO27001, Basel II/III, Financial Conduct Authority
    (FCA).