Maintain Control Over Financial Data

Next-Generation Security

As financial service organizations gather 360-degree views of customer activity to accelerate real-time sales and marketing strategies, they’re sharing highly sensitive financial information with third parties—from business partners and service providers to contractors and suppliers—increasing the vulnerability of already sensitive data.

Meanwhile, cybercriminals have targeted financial services and insurance firms with increasingly large-scale and sophisticated attacks. Despite the financial and reputational impact of these attacks—as well as increasingly stringent compliance requirements mandated by regulators—many organizations do not have adequate strategies in place to prevent breaches and keep their data safe. Worse yet, firms are not managing threats from third parties or “insiders”—current or former employees and partners with privileged access to data.

Transitioning to digital channels and other technologies may benefit financial services, but also introduces new risks, leading financial institutions to focus on enhancing protection on behalf of customers. Cybersecurity threats have also moved from attacks on individual institutions to attacks on the larger financial system, demanding new strategies.

As of the second quarter of 2022,
only 9% of US companies legally expected to comply with CCPA were fully compliant.

PK Protect for Financial Services

Threats from Inside

It’s not just third parties: Firms also need to manage threats from current or former employees and partners with privileged access to data.

Meet Protection Guidelines

PK Protect provides unique custom masking formats that address sophisticated protection for credit card, ABA bank routing, and account number fields.

Usable Security

Data security measures cannot get in the way of providing customer service, internal communication, or other important business needs.

Continuous Protection

PKWARE’s PK Protect automated data security solution includes file, email, and format-preserving encryption, so financial service organizations can be confident that they have security technology that accurately controls access to sensitive data.

Response and Recovery

Attacks are inevitable; financial organizations need a documented response and recovery plan to counteract the effects.

Find It to Secure It

PK Protect locates every place sensitive personal data is stored to help organizations maintain visibility and control over data.

Continuous Protection for
Records and Data Elements

Cybersecurity and personal data protection mandates are continually being revised as technology expands and improves. PK Privacy adds additional protection by identifying data that can and/or should be archived or deleted based on policy, age, or lack of use.

Additional Resources

  • Fortune 500 Insurance and Investment Company
    PKWARE December 21, 2022
  • Western Union
    PKWARE December 5, 2022
  • PKWARE April 26, 2022
  • Large Enterprise Financial Services Company
    PKWARE February 16, 2022