31 Jul

Data Security in Financial Services: Challenges and Solutions – Part 2

Data Security in Financial Services: Challenges and Solutions - Part 2

Risk Management leads the Way

Cyber criminals seem to be having a field day with the technological advancements of our times. Open network technologies are a major contributing factor in malevolent online activities because they enable quicker and flexible operations. This gradually throws the doors open to hackers and their ilk. Technology infrastructure has now developed enormously, such that it encompasses mobility, virtualization and cloud computing.

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28 Jul

Data Security in Financial Services: Challenges and Solutions – Part 1

Data Security in Financial Services: Challenges and Solutions

Here’s a Case Study from the banking industry that will send shudders down the spines of customers…

Much to its dismay, a national retail bank discovered that as many as two thousand customer records were surreptitiously vaporized by its own employees, a short while before they were to join a rival firm. The ledger of loses included a vast number of records such as the bank account details, financial statements, tax returns, Social Security numbers and allied sensitive personal data.

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