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Industry Solutions

Financial Services Sensitive Data Security

Protect What Matters Most – Customer Financial Data

Guarding client confidentiality while meeting the data compliance requirements of multiple finance regulations.

Banks, credit unions, credit card brands, and other financial service firms handle more than monetary transactions. They also retain personally identifiable information (PII) and organizational data on their clients, such as bank account, credit card, and Social Security numbers, as well as usernames, passwords, and more. Financial information attracts cybercriminals with multiple payoff opportunities, including direct withdrawal access to various accounts and the sale of this information on the dark web, hence why financial institutions are hit with cyberattacks at 300 times the rate of any other industry.

Because of the enormous volume and value of data being processed, the financial services industry is subject to several federal regulations, namely the Sarbanes-Oxley Act (SOX), Gramm-Leach-Bliley Act (GLBA), and Payment Card Industry Data Security Standard (PCI-DSS). To comply with these laws and combat relentless cyberattacks from threat actors who will try any means necessary to infiltrate networks, financial institutions must rely on proactive measures and technologies.

Spirion reduces the risk associated with sensitive personal information and consumer financial data. Accurate visibility into sprawling data repositories enables financial institutions to minimize risk exposure, improve efficiencies, and inform compliant decision-making. Once they know where their most regulated data resides, they can effectively protect it, set broader security strategies, and gradually incorporate additional controls to strengthen defenses and uphold compliance.

Financial Services Data Breach Protection

Reduce risk threat surface exposure

Identify sensitive data, classify different data types by their level of sensitivity, and protect personal data to prevent compromise and misuse.


Improve business efficiencies and decision-making

Enhance security posture by making informed decisions based on business insights.


Facilitate financial data compliance

Facilitate compliance with GDPR, CCPA, GLBA, PCI-DSS, and other relevant data protection laws and regulations.

Trusted by financial institutions to ensure consumers’ personal and financial data security.

$5.72M

The average cost of financial services data breaches in 2021.

IBM Cost of a Data Breach Report 2021

74%

The amount of banks and insurance firms that reported experiencing a rise in cybercrime between 2020 to 2021.

Businesswire

3.5M

The number of unfilled cybersecurity jobs on the market.

Cybercrime Magazine’s 2019/2020 Official Annual Cybersecurity Jobs Report

Meet the requirements of evolving data protection regulations

Sarbanes–Oxley Compliance (SOX)

Securing electronically stored data from fraudulent activity

Payment Card Industry Data Security Standard Compliance (PCI-DSS)

Regulating the transmission and storage of credit card data

General Data Protection Regulation Compliance (GDPR)