RBI Use Cases
Meeting Compliance Requirements
RBI guidelines mandate banks to classify their information and apply controls to stop leakage of “confidential” and “secret” information. With Seclore, once an email or document is classified with a classification label, Seclore can automatically attach persistent, granular usage controls (view, edit, print, share, screen share) to the classified document, whether it is shared via USB, file-sharing systems, cloud repositories, or email.
Protecting Outsourced Customer data
Banks share highly sensitive customer data to vendors for printing, card embossing, and other purposes. Once a vendor has access to the bank’s customer’s information, it no longer has control over what happens with the data. The RBI regulation requires banks to protect their customers’ sensitive information sent to vendors. With Seclore, banks can automatically apply persistent, granular usage controls to files sent to any third-party vendor. The usage permissions ensure that the bank can control who can access the information, what they can do with the information, where they can access the document, and for how long. At any time, usage controls can be modified or revoked, regardless of where the document resides. With Seclore, not only are banks able to maintain compliance, but they are also reducing the risk of their customers’ data from being mishandled or accessed by unauthorized users.
Protecting Information Sent to Collections Agencies
Banks are required to ensure that only authorized users have access to the financial and PII data, whether it resides inside or outside the bank premises. Often collections agencies have access to financial and customers’ PII that is regulated by RBI. With Seclore, banks can add persistent, granular usage controls to sensitive emails and documents before it is sent to a collection agency. The sensitive information remains protected with the usage controls (view, edit, print, share, screen share) wherever it resides, and access to this information can be modified or revoked at any time.
Protecting Corporate Loan Verification Documents
A bank’s corporate and credit risk departments have access to customers’ PII and financial data. These sensitive files are vulnerable to leakage by collections employees or anyone who possesses access to the collection’s file storage space. With Seclore, documents placed in file storage space are automatically protected with persistent, granular usage controls (view, edit, print, share, screen share). Only authorized users can perform activities on these files. Actions performed by all users are audited in a centralized dashboard for tracking and auditing purposes. PII data stays protected wherever it travels with Seclore and ensures the bank reduces the risk of leaking of PII and remains compliant under RBI.