From customer and employee names to addresses and payment information to account numbers, the financial industry handles multiple types of sensitive personal data. Governed by strict regulations set by governing bodies such as PCI (Payment Card Industry), DPA (Data Protection Act 1998) and the looming EU General Data Protection Regulation (GDPR), data security within the industry is being driven by the need to meet regulatory obligations or risk incurring substantial monetary penalties and damage to reputation and consumer confidence for non-compliance or a data breach.
The financial services industry is currently transitioning from legacy and brittle audit and compliance solutions and traditional DLP to more agile solutions that provide the depth of data discovery and remediation required to meet the de-perimeterised enterprise of today – in the cloud, on premise and mobile.
Insider threat is now considered one of the top three cyber security threats facing industry today and it is widely recognised as unrealistic to expect employees to make the right decisions every time. Whatever type of high value or sensitive information you wish to protect, whether the insider threat is malicious, opportunist malicious or genuine human error which reportedly accounts for 96% of the risk, there is an increasing need to identify, classify, detect, protect, remediate and report on data as it flows around the enterprise in real time.
“GeoLang’s Data Discovery solution is very relevant, and very now.” – PS, Senior Security Lead, Tata Consulting Services.
GeoLang’s suite of innovative solutions delivers next generation automated classification, data discovery and data loss prevention capability, seamlessly and transparently, with the unique ability to provide real time remediation and behavioural analysis on classified or unstructured content where other tools fail – whilst also augmenting legacy security solutions where required.
GeoLang provides the financial services sector unprecedented real time remediation capability and insider threat visibility – making sure you are in control of your sensitive data, know where it resides and who has access to it – thus mitigating the risk of falling foul of regulatory requirements and enhancing consumer confidence.