Fast, reliable and secure connectivity to financial services is a crucial element of today’s capital markets. Networks are under constant attack and sensitive assets continue to be exposed. Security is non-negotiable for financial networks. Leveraging data-in- motion encryption is a vital mandate for data as it crosses the world's private and public networks.
Challenge: Constant threat of hackers intercepting and manipulating financial data during transmission.
Implications: Potential financial losses, reputational damage, and legal consequences.
Challenge: Struggling to comply with regulations like GDPR and PCI DSS for secure data transmission.
Implications: Non-compliance leads to fines, legal actions, and reputational harm.
Challenge: Adapting to evolving technologies like cloud computing and Quantum while maintaining data security.
Implications: Failure to secure new communication channels can expose vulnerabilities.
Challenge: Balancing robust encryption and authentication without compromising efficiency.
Implications: Weak measures can be exploited, compromising data confidentiality and integrity.
Challenge: Managing internal employees with access to sensitive data during transmission.
Implications: Insider actions, whether intentional or not, can result in data breaches.
Challenge: Staying ahead of evolving cybersecurity threats and attack vectors.
Implications: Failure to address emerging threats promptly can lead to financial losses and reputational damage.
Addressing these challenges requires a proactive approach, including robust encryption, multifactor authentication, employee training, and continuous monitoring. Collaboration with regulatory bodies and industry peers is essential for staying informed about the latest threats and best practices.
Why is Thales High Speed Encryption (HSE) the ideal solution to encrypt digital information transported between locations either within or between Local Area Networks (LANs) data in motion or data in transit?
Thales has tens of thousands of network encryption solutions installed in many industries for a wide variety of use cases in 35 countries around the world.
Thales excels in robust
network security
Rapid encryption without compromising data transfer
Meets strict regulations for
data protection
Crypto-Agile solutions for
diverse security needs
Advanced handling of cryptographic key security
Seamless integration with
existing IT ecosystems
Discover the challenges financial services organisations face securing sensitive data in digital transformation.
Interested in understanding how Thales secures your data in motion against all kinds of passive and active threats? Explore more from the resources below.
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Financial services is one of the most tightly regulated business sectors. The FSA, the Data Protection Act, GDPR, PCI DSS and Euro SOX all have implications for security of information in transit. How do you choose the optimal encryption solution for your organisation?
Financial service institutions should proactively prepare for the potential impact of quantum computing on network data security.
Impending NIST quantum algorithms need to be deployed quickly upon standardisation, meaning your encryption technology must be agile and adaptable. 73% of organisations recognise quantum as a threat, but 61% have yet to define a crypto-agile strategy for a post-quantum world.
Thales High Speed Encryptors are purpose-engineered for dedicated, high-assurance network data security, and can help your organisation to deploy a future-proof quantum-ready data-in-motion strategy.
Get the “Quantum Computing & Quantum-Safe Security” White Paper
Source: “Security Weaknesses in Data in Motion Identified in Cybersecurity Survey”, Thales October 2022
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