Financial Institution: Data Asset Compliance GovernandceFinancial Institution
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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.
