To safeguard sensitive customer data and comply with the Monetary Authority of Singapore’s Technology Risk Management Guidelines, organizations need to apply consistent, robust and granular controls.
The CipherTrust Data Security Platform from Thales helps customers address these guidelines throughout their organization, in part through:
The Monetary Authority of Singapore (MAS) published Technology Risk Management (TRM) Guidelines to help financial firms establish sound technology risk management, strengthen system security, and safeguard sensitive data and transactions.
The TRM contains statements of industry best practices that financial institutions conducting business in Singapore are expected to adopt. The MAS makes clear that, while the TRM requirements are not legally binding, they will be a benchmark the MAS uses in assessing the risk of financial institutions.
Thales can help your organization keep data breaches from happening in the first place through:
Thales Access Management and Authentication solutions provide both the security mechanisms and reporting capabilities organizations need to comply with data security regulations. Our solutions protect sensitive data by enforcing the appropriate access controls when users log into applications that store sensitive data. By supporting a broad range of authentication methods and policy driven role-based access, our solutions help enterprises mitigate the risk of data breach due to compromised or stolen credentials or through insider credential abuse.
Support for smart single sign on and step-up authentication allows organizations to optimize convenience for end users, ensuring they only have to authenticate when needed. Extensive reporting allows businesses to produce a detailed audit trail of all access and authentication events, ensuring they can prove compliance with a broad range of regulations.
The first step in protecting sensitive data is finding the data wherever it is in the organization, classifying it as sensitive, and typing it (e.g. PII, financial, IP, HHI, customer-confidential, etc.) so you can apply the most appropriate data protection techniques. It is also important to monitor and assess data regularly to ensure new data isn’t overlooked and your organization does not fall out of compliance.
Thales’ CipherTrust Data Discovery and Classification efficiently identifies structured as well as unstructured sensitive data on-premises and in the cloud. Supporting both agentless and agent-based deployment models, the solution provides built-in templates that enable rapid identification of regulated data, highlight security risks, and help you uncover compliance gaps. A streamlined workflow exposes security blind spots and reduces remediation time. Detailed reporting supports compliance programs and facilitates executive communication.
With the CipherTrust Data Security Platform, administrators can create strong separation of duties between privileged administrators and data owners. CipherTrust Transparent Encryption encrypts files, while leaving their metadata in the clear. In this way, IT administrators -- including hypervisor, cloud, storage, and server administrators -- can perform their system administration tasks, without being able to gain privileged access to the sensitive data residing on the systems they manage.
Strong separation of duties policies can be enforced to ensure one administrator does not have complete control over data security activities, encryption keys, or administration. In addition, the CipherTrust Manager supports two-factor authentication for administrative access.
The CipherTrust Data Security Platform can enforce very granular, least-privileged-user access management policies, enabling protection of data from misuse by privileged users and APT attacks. Granular privileged-user-access management policies can be applied by user, process, file type, time of day, and other parameters. Enforcement options can control not only permission to access clear-text data, but what file-system commands are available to a user.
Thales High Speed Encryptors (HSEs) provide network independent data-in-motion encryption (Layers 2,3 and 4) ensuring data is secure as it moves from site-to-site, or from on-premises to the cloud and back. Our HSE solutions allow customers to better protect data, video, voice, and metadata from eavesdropping, surveillance, and overt and covert interception—all at an affordable cost and without performance compromise.
Perhaps the most comprehensive data privacy standard to date, GDPR affects any organization that processes the personal data of EU citizens - regardless of where the organization is headquartered.
Any organization that plays a role in processing credit and debit card payments must comply with the strict PCI DSS compliance requirements for the processing, storage and transmission of account data.
Data breach notification requirements following loss of personal information have been enacted by nations around the globe. They vary by jurisdiction but almost universally include a “safe harbor” clause.