Secure Outsourcing and Files Shared with Third Parties

Banking is one of the most highly regulated, consumer-centric, and data-intensive industries in the world. Because of these factors, your IT Security team is likely spending large amounts of money investing in solutions that will stop the bad guys from sneaking in – and sensitive information from leaking out.

However, you still need to send sensitive customer information to your ‘extended organization’: vendors, partners, and outsourcing agencies. The scary part is that a lot of this data is sent outside of your corporate firewall in stand-alone files – with very limited security controls.


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Where Your Data is at Risk

The following cases highlight a few everyday scenarios where your data suffers from serious security risks – despite your current security infrastructure.

Outsourced Printing and Collections

  • Confidential customer data is sent outside the firewall to printing vendors and collections agencies
  • Privacy laws and regulations such as PCI-DSS mandate that banks keep customer data secure at all times and locations – not just within their network but outside it too
  • Banks have no visibility over this data once it crosses the firewall and is in use by the vendors

Accessing Information on Mobile Devices

  • While in the field, the banking sales agents often carry and access documents and files regarding loan eligibility criteria, customer investment portfolios, and other highly confidential matters via their mobile devices
  • If a bank wishes to adopt BYOD or even issue corporate-owned mobile devices to their sales staff, the security of the information could be compromised

MIS (Management Information System) Reports

  • MIS reports may contain corporate statistics, financial data, sales data, foreign exchange information, operational metrics, and more
  • Once extracted from the transactional system, these stand-alone reports are insecure and uncontrolled

Corporate Loan Verification Information

  • Corporations applying for loans share their financial information, business models, revenue projections, and other confidential data with banks
  • This data needs to be shared across multiple teams and departments during the approval process and is often difficult to track and secure

How Seclore’s EDRM Keeps Your Information Safe

Seclore’s EDRM information-centric security ensures that your information is always secure – even when you send it to external agencies, store it on the cloud, or access it on mobile devices.

Seclore’s EDRM empowers you to ensure that:

  • Internal employees are unable to leak data – either accidentally or maliciously
  • Data shared with vendors and business partners remains secure at all times
  • Data is safe from misuse even if it resides on mobile devices, on file shares, or on the public internet
  • All access to files and data is audited and easily monitored

Seclore’s EDRM offers:

  • Permanent Protection: Data protection is ‘always on.’ The file-level security remains equally effective regardless of where the file is stored or accessed – email, CDs, USBs, mobile devices, or the cloud – even outside your network
  • Granular Security: Granular usage permissions (viewing, editing, printing, copying content, running macros, and more) can be applied to file content
  • Dynamic Permissions: User permissions on information can be updated at any time from any location – even for information shared earlier
  • Real-Time Audit Trails: All information usage is tracked and reported upon in real time