Key sources of risk
- Insider threat is one the main causes of data breaches in financial institutions. Internal employees with authorized access can be hard to detect, when it comes to breaches.
- Through ransomware, hackers install malicious software on the systems or the company network, to gain unauthorized access to all company data.
- Cybercriminals launch an extensive attack on a network making it inaccessible and causing disruption to a financial company’s operations.
How financial institutions can manage risk
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LightBeam for Financial Services
In order to address such risks, financial institutions must keep their digital infrastructure secure and up-to-date.
Identify Personal Data
LightBeam's data discovery capabilities can help you automatically scan your systems to identify and categorize all personal data you collect and store.
Data Access Control and Monitoring
Enforce robust access controls and continuously monitor data activity to detect suspicious behavior.
Data Breach Notification
In the unfortunate event of a data breach, LightBeam can help you identify the impacted data and facilitate timely notification to authorities and users.
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