Banks and financial institutions need to, for good reason, comply with laws & regulations in order to safeguard sensitive information and achieve data leak prevention.
The financial sector is a data-driven industry where transactions and customer data flow through many points of an organization. The financial services are among the most regulated in the information security sector and this highlights the need for strong data protection, data classification and a data leak strategy for financial institutions.
The Simple Encryption Platform (SEP) is designed to make you achieve information security compliance by utilizing a modules-based platform. With SEP, you can start small and grow your IT-security infrastructure as the need arises, eliminating the need to "purchase everything at once". Your clients will be happy too since they do not need to purchase a license themselves in order to access the information you share with them.
The Payment Card Industry/Data Security Standard (PCI/DSS) focuses on the protection of payment card data and related consumer/business details during processing, transmission and storage.
To comply with PCI/DSS, you need to implement auditable DLP controls for data at rest and data in transit, including encryption and
detection of unencrypted payment card data. You also need to log sensitive data even when encrypted and controls must be auditable.
This regulation is international.
European Sarbanes-Oxley, Euro-SOX for short, focuses on protection of sensitive data related to financial reporting in public companies. It also requires mandatory use of
encryption for financial reporti.ation at rest, in transit and during processing. It is recommended that you implement encryption
management & endpoint controls, as well as utilize access controls, DLP fingerprinting or keyword analysis filtering for potential violations of policy and disclosure
of financial information.
This regulation applies to the European Union.
