A Universal Challenge – Protecting Your Sensitive Data
Protegrity is used in industries were data matters and, in many cases, are highly regulated. These companies have harnessed the power of data for competitive advantage, while reducing their risk by minimizing release of sensitive data internally or externally. They know there are real consequences for non-compliance as well as impact to brand status and customer trust. Protegrity addresses both of these challenges.
Financial Services companies do not have a shortage of sensitive data. They depend on personally identifiable information (PII) and cardholder (PCI) data. With millions of records often stored across multiple data centers in varying countries, protecting this type of information is paramount. This is driven by growing regulatory requirements as well as the need to protect customer confidence and preserve the integrity of the brand itself.
Over the past 7 years, retailers large and small have been tasked with safeguarding their customers’ credit card information to support PCI-DSS. At the same time, notable retailers have been hacked and faced additional business risk. In some cases, customers never came back. The CIO of a major retailer recently said, “We have to prove to our customers every day that their data is secure, it can never leave us again.”
Most Communications Service Providers (CSPs) are struggling to achieve the agility and flexibility to maintain competitive position in a fast changing technological environment with eroding margins. Fixing this typically starts by building the customer intimacy needed to expand share of customer wallet and where possible increase customer base. This, however, needs to be done in a way that respects privacy, protects personal data, and responds to new market regulations.