The financial services industry moves fast, so it’s important to give your users the latest tools to keep them productive and give them access to new research and analytics services. In more and more cases, financial services firms like yours are looking to cloud services to deliver those tools, from industry-specific applications for portfolio measurement and investment analysis, to general applications for customer service, human resources and accounting. As more financial services organizations recognize the productivity gains that the cloud can provide and adopt cloud services, however, it’s also important to understand and manage the risks associated with the increasing use of cloud services.
From bank data security to the exposure of customer or investor data to the accidental disclosure of non-public reports or plans, data security in financial services organizations can be challenging as business content moves to the cloud, often without IT’s knowledge or permission. Without visibility and control of cloud services, IT can no longer govern usage to ensure regulatory compliance and protect sensitive data. To ensure cloud security for your organization, you need to understand what cloud services are in use and how they are being used, enforce access controls, protect sensitive data, and restrict risky cloud activities. Netskope is doing exactly that for the world’s largest and most demanding banking, payment processing, insurance, and investment firms.
As cloud service usage grows, you need to understand and manage the risks associated with these cloud services. Granular visibility into your cloud usage will help you strike the right balance between these risks and the expected business benefits.
You need to understand activity-level usage of your cloud services in the context of regulatory requirements from SEC, FINRA, or GLBA and ensure compliant usage by governing access, activities, and data in your cloud services.
It’s easy to share data in the cloud, but improper use can impact data security in financial services. It’s important for you to identify and protect the sensitive data stored in the cloud and also control data being uploaded, downloaded, and shared.
As your users move to the cloud, it is important to create a granular audit trail of their cloud activities to understand the full context of their actions, and to facilitate reporting for policy compliance for regulatory requirements from SEC, FINRA, or GLBA.
Learn how Netskope can help financial services organizations use social media while keeping FINRA compliance in mind. This demo shows how you can move beyond an “allow or block” approach to cloud services by using advanced cloud DLP to create targeted policies that address specific, non-compliant situations while allowing the compliant use of social media in your organization.
Find all cloud services in use across your organization, both sanctioned services and shadow IT. Understand the enterprise-readiness of these services with our objective Cloud Confidence Index and obtain detailed usage information about users, activities and data. Use this information to assess your risk and inform your cloud security policies, such as preventing users from uploading content to poorly rated personal cloud storage services.
Detect sensitive content at rest in sanctioned cloud services or en route to or from any cloud service with advanced, enterprise cloud DLP. Define granular policies – based on identity, service, activity and data – to automatically protect your data by blocking activities, restricting access, encrypting data, and more.
See detailed information about the activities within a cloud service, down to the user and data level, enabling you to answer questions such as “Is anyone from ‘investment banking’ sharing any content within any cloud service with anyone in ‘equity research,’” which could be a violation of your ethical wall policy to prevent conflicts of interest per Title V of SOX.
The demand for social media by your users is undeniable, but allowing social media use in financial organizations can put you at odds with FINRA compliance. Applying a targeted DLP policy that looks for keywords such as “guarantee” and “recommend” in combination with company names and stock symbols gets you a step closer to safely enabling social media by blocking non-compliant posts.
The cloud makes it easy to share, but this same capability makes cloud services an attractive target for malicious actors. Protect your organization from cloud threats such as malware and ransomware and also detect unusual data movement or user activity that could indicate the presence of an active threat in your environment.
- Sajawal Haider, CISO, Oak Hill Advisors
What we like about Netskope is that it has enabled us to operationalize cloud security. And what I mean by that is we’re using a lot of cloud-based platforms out there. And every single one of them has a different security framework of different capabilities in it. And it has been very difficult to train the team on every single platform. For Netskope, we have this unified control point to all those platforms.