Financial Services

The Risks of Unstructured Data

Financial Services organisations have mature risk management and information security practices resulting from the need to comply with a wide variety of regulators and regulations. Security and compliance for transaction processing applications is relatively well-understood and governed. Understanding and addressing the security and compliance implications of unstructured data, however, has not been dealt with to the same level of maturity. Cloud adoption, increasing sophistication of attackers, and regulatory drivers such as GDPR mean that financial services organisations must address the shortcomings in their ability to manage privacy and compliance risks associated with unstructured data.

Securing Unstructured Data with Covata

Covata provides a unique solution for securing sensitive and compliance regulated unstructured information. The Covata Data Security Platform centrally locates restricted and regulated information, encrypts that information at rest and in use, and controls and tracks all access requests.  Unlike traditional monolithic security tools, Covata solutions are easy to deploy, configure, and manage, and the combination of security controls may be used to strongly secure information from unauthorised access including the ability to enforce privileged user access control.

Features and Advantages

 Locate and identify restricted information in cloud and on-premises file sharing environments

 Mandatory Access Controls for restricted information to balance user empowerment with the enforcement of corporate policies

  Activity logging for all permitted/ denied requests to restricted information; Audit info is forwarded to a Security Information Event Management (SIEM) solution for reporting and analytics

  Encrypt objects that contain restricted information using FIPS 140-2 and Common Criteria validated cryptography

 Control privileged user access to restricted information without impacting the IT administrators’ ability to provide a high level of service to end users