Data Security for Banking

Data security has traditionally been structured around storage repositories. We like to protect information in databases, we use full disk encryption, and we use access controls to manage which individuals are allowed to use what data. The problem is that when data is moved out of its expected storage location it no longer benefits from the security controls put in place.

Hackers are well resourced and expert at gaining access to and stealing data by removing it from its protected locations. The COVID-19 crisis has increased the vulnerability of data since there are now thousands more employees who are operating outside of the more secure confines of the organisational network. 

This paper expands on these issues and then examines an approach whereby security is built right into the data itself. As a result, no matter where data roams, it remains protected and unreadable by bad actors inside and out.

Banking, Finance, COVID-19

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