Protect What Matters Most - Consumer Financial Data
The average cost of a data breach for financial institutions in 2021.
IBM Cost of a Data Breach Report 2021
The amount of banks and insurance firms that reported experiencing a rise in cybercrime between 2020 to 2021.
Businesswire
The number of unfilled cybersecurity jobs on the market.
Cybercrime Magazine’s 2019/2020 Official Annual Cybersecurity Jobs Report
Safeguarding the collection, use, and storage of private financial information
Securing electronically stored data from fraudulent activity
Regulating the transmission and storage of credit card data
Ensuring personal data privacy and protection across the European Union
Protecting the personal information of California residents
What if you could automatically and persistently discover, classify, understand, control, and protect sensitive data in a way that ensured compliance but also allowed for business agility? With Spirion, you can.
As data proliferates, discovery becomes exponentially more difficult. Most organizations have terabytes and petabytes of data spread across servers, laptops, and other devices. Solving the problem requires a Privacy-Grade™ discovery solution with enough breadth to search all locations and depth to find any data type.
Once you have located all of your data, the automated application of persistent labels, tags, and visual markers helps both humans and computers determine its sensitivity and treat it consistently. Classification ensures that only appropriate parties can access sensitive data as it moves through the organization and supports information sharing with other data protection controls.
After Discovery and Classification are complete, each team can gain a better understanding of its data footprint. A full picture of your data inventory allows you to operationalize data, foster organizational productivity, conduct historical reviews and analysis, ensure competitiveness, and maintain data privacy.
To secure unprotected data, you need to control who can see it, when they can see it, and what they can do with it during any data lifecycle action – from creation to disposal. Control includes file shredding, redaction, quarantine, reduction of access rights, third-party controls, and role management at the job-role or server administration level.
Consumers can demand the right to know and the right to be forgotten. Contracts with vendors often require data privacy safeguards. Auditors and industry-specific regulators have their own rules about how consumer data is collected, stored, and used. With regulations on the rise, proactive protection is more critical than ever.
Protect sensitive information with a solution that is customizable to your organizational needs. When your job is to protect sensitive data, you need the flexibility to choose solutions that support your security and privacy initiatives.
Not knowing where sensitive client financial data resides and failing to take the right security precautions can be a costly mistake for your organization. Find out how Data privacy is treated in your sector.
