BANKS AND FINANCIAL INSTITUTIONS

FACE GROWING CHALLENGES

 

Compliance and customer demand for personalised experiences require greater agility. Slow growth and security threats bring increased risk. Yet with data also growing at an explosive rate, new digital transformation opportunities can help organisations take a huge leap forward, provided they have the right technology.

WHY PERVASIVE ENCRYPTION IS THE FUTURE OF DATA SECURITY

Security continues to be a top concern keeping IT leaders up at night. With good reason, the impact of security breaches can include remediation costs, reputation damage and reduced customer confidence.

THE TRUTH ABOUT DATA BREACHES

01

They’re costly. A recent Ponemon study found that the average cost of a breach in 2017 was $3.6 million.

02

It’s not a matter of if, but when. That same study found that the likelihood of an organisation experiencing a data breach of more than 10,000 records in the next two years is 27.7% (That’s up from 25.6% in 2016) 

03

Your data is either encrypted or exposed. Of the nearly 9 billion records breached since 2013, only 4% were encrypted.

INTRODUCING IBM Z AND IBM LinuxONE

You need a modern Infrastructure

IBM Z & LinuxONE, the core of trusted digital experience.

Innovation with a secure, open and connected platform

Designed to fit into your cloud-ready data-center with DevOps tools on demand.

Leading digital innovation with secure cloud

Encrypts 100% of application, cloud service and database data and brings machine learning to the mainframe.

Introducing IBM LinuxONE™ Linux without Limits Announcement

It’s time to unleash the full potential of Linux. With IBM LinuxONE, you’ll have one portfolio of hardware, software and service solutions for business critical Linux applications.

 

WHY ISN’T EVERYONE ENCRYPTING EVERYTHING?

 

The Ponemon study found that extensive use of encryption was the second most effective factor in reducing the cost of a breach. It’s also one of the only specific technologies mentioned in compliance regulations such as PCI DSS and GDPR.

SO WHY IS THE ENCRYPTED RECORDS SO LOW?

 

Encryption is hard …That’s why most companies practice selective encryption instead of pervasive encryption..

01

It takes a ton of
compute power

02

It slows down applications

03

It's expensive
(US regulation compliance costs businesses $1T per year)

03

It's expensive
(US regulation compliance costs businesses $1T per year)

WHATS WRONG WITH SELECTIVE ENCRYPTION?

 

It requires data prioritisation and application changes, which require additional skills, resources, and budget.  

 

QUESTIONS THAT ORGANISATIONS STRUGGLE WITH WHEN LOOKING AT IMPLEMENTING AN 

ENCRYPTION STRATEGY…

01

What data needs to be encrypted?

Sensitive data? Only the data needed for compliance?

 

Identification and classification is labour intensive
and time consuming.

02

Where should the encryption occur?

Hardware? Operating system, database level, in application, or on network?

 

There are pros and cons for each, including: level of protection, cost, complexity, time to implement.

03

Who in the organisation is
responsible for encryption?

Many organisations lack an enterprise-wide data
encryption strategy.

 

 

A comprehensive approach to data protection requires a huge investment in time and money to stitch together a collection of point solutions or to open applications and embed encryption directly into the application themselves.

PROTECTING THE DATA AT THE CORE OF THE ENTERPRISE STARTS WITH BUILDING A PLAN FOR PERVASIVE ENCRYPTION 

 

How would it work?

 

Unlike selective encryption, pervasive encryption enables you to implement encryption
and protect your data separately from the process of identification and classification.
Pervasive encryption protects all the data associated with applications and databases,
simplifies the administration through policies, and includes hardware and software
changes to pervasively encrypt data without requiring application changes and without negatively impacting SLAs

 

Contact us to find out how you can build an envelope of protection around all of your data anywhere it resides, with zero application changes.

Contact us

 

Louise Richardson


eMail:               louise.richardson@tes-es.com

Telephone:      +44 (0) 7931-778147

 

Switchboard


eMail:               info@tes-es.com

Telephone:      +44 (0) 1695-712664