Financial Institution: Data Asset Compliance GovernandceFinancial Institution
Background
A prominent banking institution was grappling with severe data security challenges.
Faced with the critical need to secure sensitive financial information, including
customer data, transaction records, confidential internal reports, and proprietary
financial models, the bank sought to mitigate risks associated with both insider threats
and external cyberattacks. Compounding this issue was the necessity to comply with
stringent regulatory requirements unique to the financial sector, such as the Payment
Card Industry Data Security Standard (PCI DSS). The bank needed a solution that could
provide robust data protection while ensuring seamless compliance with complex
regulations.
Solutions & Values
The solution provided peace of mind to the bank, knowing that sensitive financial data
and customer information were secure and that they were fully compliant with global
regulatory standards.
Data Governance: Ensuring Financial Regulatory Compliance DDR ensured all data handling practices adhered to global financial regulations
such as PCI DSS. This included implementing automated processes to delete
non-compliant files from endpoints, preventing unauthorized storage of sensitive
information, and restricting the movement of PII data.
Next-Generation DLP: Real-Time Monitoring and Risk Mitigation DDR provided real-time monitoring of user activities and data flows within the
bank’s IT infrastructure. Through advanced analytics and risk scoring, DDR could
identify and mitigate potential data leakage incidents before they could escalate,
ensuring proactive protection of sensitive information.
Comprehensive Reporting and Audit Trails: Easily Demonstrate Compliance DDR offered detailed reporting and audit trail capabilities, allowing the bank to
maintain thorough records of data access, usage, and compliance activities. This not
only facilitated internal audits but also ensured that the bank could demonstrate
regulatory compliance to external auditors and regulatory bodies.