As banks innovate to meet the changing demands of connected consumers, they are also increasing their attack surface, potentially making highly sought-after user data more accessible to cybercriminals. To mitigate these threats, financial services firms have to be aware of the risks that come with new capabilities and adjust their security architecture accordingly.
Between the massive amounts of data flowing through a company, the difficulty of managing its IT systems internally, relying on data synchronization and backup services, and the need to be budget conscious, much of this data may reside outside the firewall. But the use of convenient inward-out systems can put your company at risk if not managed properly.
Enterprise security teams have a namesake job to do – secure their organizations – but it does not have to come at the expense of their colleague’s privacy. How, then, do organizations balance the requirements and expectations of both sides and keep their data secure while ensuring that the company refrains from violating privacy laws?
Enterprises are struggling to find secure ways to allow trusted users access sensitive data. Traditional security models designed to protect limited entry points to the data are no longer viable. These best practices, presented by Gurucul’s CEO, Saryu Nayyar, can help address the challenges.