Data Security Solutions for Financial Services
Accelerate digital transformation while reducing costs and risks
Data security for financial services has always been a priority, especially now as the industry is going through massive digital transformation driven by changing consumer habits, competitive pressures, and technological advances. The trend towards a new all-digital customer experience is causing a rapid adoption of new technology to support better capabilities and scalability. However, the combined challenges of cybersecurity threats and a stricter regulatory environment heighten the risks and increase the costs of digital transformation. Thales can help financial service providers mitigate risks, control costs and accelerate digital transformation by optimizing and automating data-centric protection throughout their hybrid IT environments.
Understand how to overcome challenges such as the growing cost and complexity of securing hybrid IT and compliance with global regulations while accelerating the adoption of Cloud, Big Data, AI and more.Get the eBook
Thales encryption solutions deliver granular encryption, tokenization and role-based access control for structured and unstructured data residing in databases, applications, files, and storage containers. With centralized key management and a hardened root of trust, enterprises can ensure their master keys are protected anywhere across Hybrid IT.
The organization is one of India’s leading private banks providing an array of diverse financial products and services to over 43 million customers.
Accelerate transformation and time to compliance by centralizing data discovery, classification, data protection, and unprecedented granular access controls with centralized key management – all on a single platform. Apply policy-based data-access security based on specific regulation requirements such requirements such as PCI, GDPR, PSD2, and FIPS.
A regional North American bank with several highly regulated corporate customers and thousands of foreign citizen accounts needed to implement comprehensive data security governance to simplify compliance with multiple national and international regulations. The bank needed to be able to discover sensitive data across hybrid IT, protect it effectively with best-in-class security, and control access to this data based on regulation-driven security policies across on-premises and cloud environments.
Simplify user access to cloud services, streamline cloud identity management, and eliminate password hassles for IT and users, while providing a single pane view of access events across your app estate to ensure that the right user has access to the right application at the right level of trust.
To safeguard access to its internet banking services, and extend access to mobile devices, PPF Banka had to augment its existing authentication security strategy – all without introducing complexity for end users. To achieve these objectives, PPF Banka upgraded to Thales's SAS PCE. Explore how Thales helped SAS PCE develop an authentication security strategy, flexible coverage, administrative efficiency and user convenience.
Accelerate adoption of innovations such as mobile payments, big data and blockchain by de-identifying all sensitive data and adopting the leading financial and payment HSMs. Our transaction security solutions are designed to support the needs of payment processing environments for credit, debit, e-purse and chip cards, internet payment applications, web-based personal identification number (PIN) delivery, and more.
DataMesh, headquartered in Sydney, Australia is an enterprise founded in 2018 to develop a new approach to servicing the Payments and Data Analytics landscape by delivering the world's smartest commerce and data analytic products. Their proposition to the market is to develop an independent payment processing network that is dedicated to servicing the needs of major retailers and their customers.
Organizations in the finance sector manage trillions of dollars and maintain very valuable and vital electronic data, including bank account, credit card, and transaction information as well as sensitive data related to estates, wills, titles, and other matters. With close attention from cyber criminals, as well as regulators and governments, it has produced an extremely resilient industry with some of the best cyber security practices of any sector. The 2022 Thales Data Threat Report, Financial Services Edition, outlines the challenges financial services organizations face securing sensitive data and provides guidance around reducing the risk of attacks such as ransomware, malware, phishing, and denial of service.
Financial services is one of the most tightly regulated business sectors. The FSA, the Data Protection Act, GDPR, PCI/DSS and Euro SOX all have implications for securing financial data in transit.
A leading European financial institution, processing trillions of dollars in transactions, was increasingly concerned with the security of all sensitive personal and financial information flowing through its systems. Its focus on foreign exchange (FX) transactions required operations in multiple countries, making it subject to multiple government data security and privacy regulations as well as industry mandates.
NH Bank is the largest online banking community in South Korea and has been highly innovative in developing services such as mobile banking, e-money, virtual accounts, IPTV banking and e-bank books. The bank controls access to these sensitive resources with Thales (formerly Gemalto) strong authentication solutions.
With an estimated 3.2 billion people using the Internet daily, the importance of cybersecurity and encryption of personal data has become increasingly critical, especially for any organization involved in the financial services sector.
A leading financial technology and service provider in Indonesia required a data protection solution to comply with the Payment Card Industry Data Security Standard (PCI-DSS) to securely exchange data with its customers.
A large Latin American-based financial institution was going through an extensive process of digital transformation, adopting multiple infrastructure as a service (IaaS) and software as a service (SaaS) cloud platforms to better serve its customers and increase its own agility.
The growth of the digital economy has completely changed consumer habits. Consumers have come to expect a hyper-personalized experience that is fast, convenient and secure. It is no different in banking, where digital-only banks are growing rapidly, with several of them already attracting millions of customers per month with an all-digital, low cost experience.