Data Loss Prevention and Data Retention.
Data Loss Prevention (DLP) is an important aspect to reducing data vulnerability and protecting the integrity of customer and company information. Data should remain within the organization at all times. But how can that be controlled if the data is accessed from outside the organization?
When it comes to document-based information, LRS offers solutions to transfer data in encrypted form for transmission over public Internet connections. In doing so, we prevent print related data loss from occurring, aligning with DLP initiatives and improving information security. Our solutions also protect sensitive information from data breaches and malware attacks. IT administrators can closely monitor the data that is accessed, shared and produced for all authorized users. This centralized overview provides complete control over company data.
Data Retention is equally important within finance. Strict policies for data management are required to meet legal requirements. The duration of how long data may be stored determines the risk factor. The longer data is kept in archives, the longer it is susceptible to potential breaches. It’s a fine line: purge data too soon and you lose out on valuable insights, keep it too long and it poses an unnecessary risk.
Data protection is not just important to ensure compliance with the rules and regulations. It also serves as a defense against insider threats, malware attacks and more. Trust is the leading reason for implementing strict data protection measures. Given the sizeable amounts of personal data being processed in the finance and banking industry, it may be the sector with the most to gain from securing all data-intensive business processes. When it comes to the document-related aspects of data protection, including digital distribution and archiving, LRS solutions can help.