Prevent Unauthorized Access to Sensitive Banking Data and Protect Against Costly Data Breaches
Major data breaches in the banking industry are a common occurrence, with identity theft reported by the media as the fastest-growing crime resulting from them. Aside from negative publicity, these breaches often have a significant impact on banking revenue, including such costs as regulatory fines, litigation fees, consulting fees, and the loss of customers. Protecting both personally identifiable information (PII) and non-personally identifiable (NPI) information in today’s global financial services industry is not only good practice but also a legal requirement for compliance with data privacy laws.
The risk of data breaches continues to grow as banks increasingly look to lower costs through IT “off-shoring” and “in-sourcing,” implement sharing of business applications both on-premise and in the Cloud, and manage exponentially growing volumes of data. As a result, sensitive information is increasingly created, shared, and stored across the enterprise. This has made it all the more critical for financial institutions to implement standards and processes in support of data privacy.
The Informatica Data Privacy Solution for Banking and Capital Markets
The Informatica data privacy solution for banking and capital markets protects against costly data breaches by preventing unauthorized access to sensitive financial data.
With its industry-proven, next-generation data masking technology, the solution enables you to:
- Avoid costly fines and reputational damage by protecting against the risk of data breaches in production and nonproduction environments
- Comply with state, federal, and international data privacy and protection laws, including the Payment Card Industry (PCI) Security Standard, the Gramm-Leach-Bliley Act, the EU Data Protection Act, and regional and state-specific data privacy laws
- Accelerate deployment through prepackaged data privacy and masking policies that create secure test data sets for packaged applications
- Audit, block access to, or dynamically mask sensitive production data and shield PII and NPI—without changing the application database or application source code
Key Capabilities of Informatica Data Privacy
Manual masking methods are error-prone and labor intensive, and existing software solutions are difficult to implement and use. The Informatica data privacy solution for banking and capital markets enables you to easily and effectively protect against risks of data breaches across the enterprise. It includes data masking software for nonproduction data and robust capabilities to protect unauthorized access to data in production systems.
Based on a single, comprehensive platform, the Informatica solution features the following capabilities:
- Persistent Data Masking to minimize the risk of data breaches by masking test and development environments created from production data—regardless of database, platform, or location. It provides sophisticated but flexible masking rules that allow your IT team to apply different types of masking techniques to various data used in testing, training, and other nonproduction environments. The solution shields all PII and NPI—such as credit card information, Social Security numbers, names, addresses, and phone numbers—from unintended exposure to reduce the risk of data breaches.
- Dynamic Data Masking to de-identify data and control unauthorized access to production customer management, financial, accounting, human resources, and other business applications. Built on a patented database network in-line proxy, the software dynamically masks sensitive information and blocks, audits, and alerts end users, IT personnel, and outsourced teams who access that information, while ensuring compliance with privacy regulations.