Enterprise Digital Rights Management for Banking © 2021 Seclore, Inc. Company Proprietary Information
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● Sharing sensitive information, such as customer data, is crucial for the banking industry OVERVIEW
● Emails and files containing private and highly regulated data travel across business units, vendors, partners, and outsourced agencies ● Large bank or credit card company collaborates with more than 20,000 third parties and partners ● These scenarios pose a compliance risk if data is breached or misused when not within the bank's secure perimeter.
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BANKING INFORMATION AT RISK
Outsourced Printing & Collections
Credit Risk Documentation
Board Communications
Operational Reports
Fourth-Party Risk
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● Most banks outsource their account statement,check and card printing processes OUTSOURCE D PRINTING AND COLLECTION S
● Data consists of Customer Personally Identifiable Information (PII) and is subject to legal and regulatory obligations ● Confidential customer information is sent to thirdparty collections agencies to support the collection process
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● Corporations applying for large loans send their confidential data (financial information, business models, and revenue projections) to help the bank analyze the credit risk CREDIT RISK DOCUMENTATI ON
● Credit analysts analyze the data and decide on an appropriate lending rate of interest ● Highly confidential data shared by loan seekers is shared within the bank with multiple touchpoints
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● Board communications – including meeting minutes, financial projections, merger and acquisition documents, and more BOARD COMMUNICATIO NS
● Critical to secure this data even from internal unauthorized access and prevent it from leakage ● Top-secret information shared with the Board stands exposed to significant risk when stored on a mobile device or a tablet ● iPads are the most common devices used in boardrooms © 2021 Seclore, Inc. Company Proprietary Information
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● Confidential Operational and MIS reports represent another significant security risk ● Operational reports may contain financial data, corporate statistics, sales information, and foreign exchange information OPERATIONAL REPORTS
● Strict regulations and compliance obligations such as the RBI Cybersecurity Framework ● Banks could suffer from significant litigation exposure if this data is mishandled
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● Banks often contract a significant amount of tasks related to dispute resolution to third party agencies ● "Fourth-parties" are not subject to any NDAs or contracts and can easily misuse the sensitive customer PII Data unintentionally or maliciously FOURTH-PARTY RISK
● Seclore helps banks develop NDAs that can effectively enforce restrictions on data usage even as it travels to the nth party
© 2021 Seclore, Inc. Company Proprietary Information
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● Seclore's Enterprise Digital Rights Management ensures end-to-end protection of information shared within and outside the enterprise
ENTERPRISE DIGITAL RIGHTS MANAGEMENT
● Automatically enforceable dynamic access controls and usage policies that can be modified at any time from anywhere ● Complete boundary-independence and informationcentric security that remains equally effective inside and outside the organization boundary ● Seclore's EDRM successfully mitigates security risks and allows you to collaborate with external parties, adopt innovative technologies, and achieve business objectives © 2021 Seclore, Inc. Company Proprietary Information
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ABOUT
SECLORE
● Seclore offers the market’s first browser-based DataCentric Security Platform, which gives organizations the agility to utilize best-of-breed solutions to discover, identify, protect, and audit the usage of data wherever it goes, both within and outside of the organization’s boundaries. ● The ability to automate the data-centric security process enables organizations to fully protect information with minimal friction and cost. ● Over 2000 companies in 29 countries are using Seclore to achieve their data security, governance, and compliance objectives.
© 2021 Seclore, Inc. Company Proprietary Information
www.seclore.co
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