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Financial
  • You haven’t detected any security breaches. Is your organization actually secure, or is the data just leaking unnoticed?
  • What measures have you taken to secure webmail, instant messaging, social networks, blogs and other backdoors for confidential information? Backdoors can harm your reputation.
Internet communication has allowed enterprises in the financial service industry—from banking and insurance to securities and annuities—to connect widening business opportunities. However, by their nature, financial industries regularly handle vast quantities of personal information. Having data stolen or compromised can have immediate and lasting repercussions on institution credibility and result in non-compliance. Financial services industries must maintain the security and privacy of information while allowing productive internet access.
The Gramm-Leach-Bliley Act (GLBA) in the US, SEC regulations and similar regulations around the world require financial services organizations to protect confidential customer information by law. Failure to prevent unauthorized leaks of sensitive customer data can also be costly to an institution in terms of fines, potential litigation and a damaged reputation.
Unintentional Data Loss
Spyware and malware, which install themselves without explicit permission, create open backdoors. They enable hackers to access an institution’s private information and customer records. How does malware enter the institution? Innocent employees are often tricked into visiting sites with this malicious content. Nearly half of malicious code is embedded on websites that employees access regularly, such as search engines. Malware also destroys valuable financial records and private information. Viruses lead to system crashes, creating downtime that is a nightmare for financial institutions.
Intentional Data Loss: Overlooked Backdoors
Organizations may monitor and control corporate email to prevent data loss, but multiple new backdoors have emerged. Webmail, Instant Messaging, Social Networks, Blogs, and File Sharing networks commonly leak information and are commonly overlooked by traditional security vendors. Institutions should be able to set granular controls on the use of these applications, enabling productive use while minimizing risks.
Reporting: Compliance and Visibility
GLBA also requires institutions to keep accurate audit trails for reporting. Thus, institutions must retain information about the internet use of employees in a comprehensive and accessible form.
In addition to providing compliance, transaction logs provide visibility into inbound and outbound internet traffic and detect and record anomalous incidents. Reporting allows institutions to prevent or proactively respond to future incidents. Without this visibility into internet activity, institutions are often have a false sense of security; they are risking private information and they have no idea.
Zscaler can help financial services institutions manage internet access in a comprehensive fashion to provide proactive data security, compliance and protect your institution’s reputation.
To learn more about how Zscaler can help financial institutions, please click here.
 
 
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