Data security is a central strategic imperative of all financial services organisations. But what does this mean in practice? There are many different types of data including personal data, Intellectual property, financial data and strategic or commercially confidential data, and you cannot protect everything. There is a need to classify data so that it can be prioritized for protection.
To do that you need to understand the harms that can come to data.
- In some cases, such as with personal data, the danger is that it is leaked, something that can result in fines under GDPR and reputational damage.
- With other data such as financial data, the real danger is that it is altered in some way, perhaps with bank details being changed so that criminals become the beneficiaries of invoice payments.
- And in other cases, data that becomes unavailable, perhaps because of a ransomware attack, can have major effects on operational efficiencies.
Each of these dangers needs a different type of protection such as encryption, access control or backing up.
And that protection needs to happen at all stages of the data’s lifecycle – when it is first being collected, when it is stored, when it is shared with other people, even when it is being destroyed. In addition, the location of data, on personal devices, stored in your own premises, or hosted in cloud, will affect the way you need to protect it.
It’s complicated. This free virtual seminar will explore the nature of data security and how financial services organizations can ensure their information remains secure at all times.
We will consider how to decide what data to protect and how best it can be protected from internal threats such as badly trained or careless employees, organised crime gangs, and malicious nation states. We will address pragmatic issues such as the important trade-off between security and operational efficiency. And we will discuss how organisations need to structure themselves in order to ensure they are both safe and compliant with regulations surrounding data.
Join with us to discuss these issues and explore what your peers in financial services are experiencing and how they are reacting.
The questions we will explore
During the meeting we will focus on questions such as:
- What is data and how can it be classified?
- What harms can come to financial services data? When is data most at risk? And how can it best be protected without damaging operational efficiency?
- What are the trends in cybercrime targeting data in the financial services sector?
- How are leading financial services organisation managing data governance and security?
- How can intelligence led security tests (e.g. using the CBEST framework) be used to mitigate data risks?
- What are the security benefits of holding data in the cloud versus on premises? What are the best ways to prepare data for cloud and Microsoft 365 migrations?
- What is the importance of culture, training and governance when it comes to keeping data safe?
Who is invited?
This virtual roundtable is designed for senior decision makers in organisations who are addressing the need to secure data in an increasingly complex world. Delegates will work at large (1000+ employees) organisations in the financial services sector.
Be one of 6 senior IT professionals around the around our virtual table. For any enquiries, please contact Mergim on 0208 349 6458 or email firstname.lastname@example.org
The virtual event is brought to you by Varonis and is only for senior executives as mentioned above. Registrations of junior professionals, consultants, solution providers or other sellers to this market won’t be accepted. To be eligible you must be employed by a corporate legal entity such as a private company: if you are a sole trader or in a partnership other than a legally incorporated partnership, we will be unable to offer you a place.