Automate data security
Multicloud financial services applications
Managing security and compliance across multiple clouds means mitigating multiple risks
In recent years, benefits like agility and elasticity have driven rapid adoption of cloud-native applications in the financial services industry. However, moving to cloud and multicloud deployments brings security and compliance issues to the forefront, especially when it comes to customer data. Protecting data represents a critical concern for every business, but in financial services it can mean protecting the customer’s money as well.
Banks, payment providers, and insurers along with other financial service firms must comply with a range of increasingly strict security and privacy standards. These include the Payment Card Industry Data Security Standard (PCI DSS) and the European Union’s General Data Protection Regulation (GDPR). Although a European law, many global companies are raising the bar to comply with GDPR, which requires stringent tracking, reporting, and documentation to maintain compliance.