Financial Services
E-mail fraud such as phishing, which uses social engineering to trick recipients into divulging sensitive personal or corporate information, is costing financial enterprises and service providers in time, money and reputation. Today, financial services firms must focus not only on risk management practices to ensure the security of their messaging infrastructure and confidential data, but must also focus on protecting their brand and end-users from fraud and phishing attacks.
And, as with organizations affected by HIPAA and Sarbanes-Oxley regulations, financial institutions are faced with the need to protect confidential data, comply with regulations, keep the network operational and secure, and operate on a budget. The consequences of a failure to perform in any of these areas could result in imprisonment of company officers and fines. It could also have devastating effects on the business itself – potentially causing existing and potential customers to lose faith in the company’s ability to service their financial needs.
With CipherTrust, financial services companies can communicate sensitive information to customers quickly, securely and efficiently, as well as identify when their company is being spoofed in a phishing attack. CipherTrust offers the following benefits specifically for the financial services industry:
- Secure delivery of confidential information to customers and financial institutions, including financial statements, pro formas, transaction records and M&A plans
- Encryption of communications, such as account records and trade status to ensure privacy
- Unified policy management and enforcement that ensures compliance with SEC, NASD and Gramm-Leach-Bliley (GLB) regulations
- Automated delivery of high-volume messages eliminates manual intervention and improves network efficiency
- Fraud and phishing alerts delivered right to the e-mail inbox with access to details of specific attacks
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