Financial institutions are major targets for cyber criminals. From phishing attacks and network breaches to data leaks and ransomware attacks, a barrage of threats faces banks and other financial institutions each and every day. Cybersecurity leaders at enterprises in the finance industry must defend their organizations from these threats while keeping up with the pace of operations.
Banks and other major financial institutions must protect customer data, account numbers, and other sensitive information to comply with regulations. GaraSign makes it easy to encrypt all data, whether at rest or in transit, and provide authorized end-users with the ability to seamlessly decrypt and view the data when needed.
Username and password-based authentication is comparatively easy for attackers to compromise. It’s best to use key-based authentication, via protocols like mutual Transport Layer Security (TLS) and Secure Shell (SSH), whenever possible. GaraSign makes it easy to enforce key-based authentication and add granular controls, such as Multi-Factor Authentication (MFA) and device authentication, without needing to manually reconfigure servers or modify existing applications.
A 2018 report from Forrester found that “80% of data breaches have a connection to compromised privileged credentials, such as passwords, tokens, keys, and certificates.” GaraSign improves the security of privileged credentials, such as Secure Shell (SSH) keys, Transport Layer Security (TLS) keys, and Remote Desktop Protocol (RDP) keys, without limiting access or impeding day-to-day operations.
Financial institutions must create cybersecurity policies that mitigate the impact of a potential ransomware attack, should one ever occur. With GaraSign, customers can easily generate secure backups that are affixed with a digital signature, cryptographically timestamped, and strongly encrypted, to ensure a seamless restore process in the event of an attack.
Like most enterprises, many banks and other financial institutions are far along in their journey of digital transformation, making cloud security a major priority. GaraSign improves cloud security with encryption of data and applications hosted in third-party managed clouds, superior security for all customer-managed decryption keys, and a decryption process for all authorized end-users.
Email may contain sensitive data that must be secured to ensure compliance. Email is also a major attack vector for criminals looking to breach a bank’s network. GaraSign helps to protect the content of email with encryption and to ensure the integrity and authenticity of email with digital signatures, all while keeping the keys centrally managed and secured.
Schedule a demo to see how GaraSign can improve the cybersecurity and performance of cryptographic operations throughout your environment.