However, the prevalence of fraud, as well as credit card and identity theft is undermining customer confidence in online banking services and jeopardizing opportunities for more profitable revenue generation. The institutions that are successful in persuading customers to enroll in online banking, and take advantage of features such as online bill pay, can half the average cost of servicing those customers. In addition, since financial institutions compete in global markets requiring 24x7 processes, they are dependent on dynamic information access.
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Financial institutions looking for the most secure way to protect data must overcome these following realities:
- The growing volume of digital information is in constant motion and transformation throughout its lifecycle, making it vulnerable at many points along the way.
- Information often leaves the secured network perimeter via laptops, PDAs, email and backup tapes, and is often handled by contractors, temporary staff, outsourcers, as well as permanent employees, which can open up more points of exit and entry in the network, not to mention authentication challenges.
- Recent events involving network breaches of companies, thought to be among the most secure in the world, indicates that the approach has to change from securing the perimeter to protecting the information itself.
Absolute-ID offers a family of products that proactively defend data.
Absolute-ID's RocITSafe is a hardware agnostic mobile computing platform with a zero-footprint. It's the only solution that protects data on the network from the inside out, making the data self-defending and undetectable.
The RocITSafe product family, RocITStor and RocITCrypt provides a standardized method to secure information no matter where that data resides since the data actually protects itself.
RocITStor is the newest generation of unified data protection solutions for both data-at-rest and data-in-flight, providing users with a secure way to store, manage and share collaboratively with workflow partners and/or secure communities of common interest.
RocITCrypt is a centrally managed security service that provides the enterprise with the ability to provision and manage a variety of different credentials.
