Data Management: Regulations and Silos A Top Concern for Banks
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User Rank: Apprentice
9/4/2013 | 10:36:09 PM
re: Data Management: Regulations and Silos A Top Concern for Banks
Yes, as well as audit-ability of the controls, access monitoring and encryption of the data both in motion and at rest. We are seeing more customer create projects to secure the data, in response to audits as the regulations may have changed but even more significantly, the interpretation of best practices for implementing data controls and security are stricter and more rigorous today.
User Rank: Apprentice
9/4/2013 | 6:47:37 PM
re: Data Management: Regulations and Silos A Top Concern for Banks
Regulatory organizations have sharply increased their stronghold on banks and financial institutions over the past year. I imagine that compliance with standards will keep rising as a priority, if only to avoid legal and reputational damage.

Massive collections of stored data require special consideration. Not only must the data be properly secured, but it must be accessible and readable at all times while maintaining its authenticity. As employees are the largest threats to any organization's security, the data should have automated procedures in place to guard against unauthorized changes and deletion.

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