Cyber Security Solution for the Financial Services Industry
The news is fraught with breaches at financial institution on a daily basis. When there is a breach the results are typically catastrophic in nature with hundred of thousands or even millions of credit cards and financial records being stolen. Financial Services companies need every advantage they can to protect themselves against the continuous threat of cyber criminal activity. Mobile computing, cloud application and big data processing are all contributing to the increased amount of security required to keep ahead of the bad guys.
The financial services industry faces the challenging task of managing cost and risk while maintaining privacy and protection for employees, customers, trading partners and shareholders among others. The primary operations of cyber-criminals and cyber-thieves are focused on this industry group.
A review of the recent most costly financial services data breaches is in this link:
Beyond the data financial services firms must legally protect, is an interesting variety of information that should be protected. Examples of both include:
- Credit Card - Payment Card Industry (PCI)
- Customer, Employee, Shareholder - Personally Identifiable Information (PII)
- Medical – HIPAA
- Business Operations
- Company financial statements and records
- Business plans
- Merger & Acquisition
- Customer Information and credentials
- Legal and trading activities
Additionally, more and more of this confidential information is at risk as cloud computing adoption accelerates.
Global Velocity solutions feature the following benefits:
- Low cost
- Flexible deployment options
- Easy to use and operate