IT, including the Internet, occupies increasingly central role in fulfilling organizational mission in the globalized information economy. Buying of goods or services, transferring of funds through banks, making of credit card payments, sending of an email, interfacing with people through social networking sites, exchanging of pictures, videos or music are some of the activities that are routinely carried through the cyberspace. It is not only businesses that are critically dependent on the Internet, but also governments that are using e-governance applications to reach out to citizens for delivering services to them. Unfortunately, systems, networks and applications have vulnerabilities, which can be exploited by anyone connected to the Internet, to launch attacks against various targets such as corporate or government systems. Criminals can carry out identity theft and financial frauds; steal corporate information such as intellectual property; conduct espionage to steal state and military secrets; and recruit criminals and terrorists. Cyber attackers can disrupt critical infrastructures such as financial, power and air traffic control systems, which can result in outcomes, similar to those that maybe achieved by physical attacks by enemies or terrorists.
Insider threat being one among the top ten threats an organization faces, data loss prevention mechanisms play a key role in protecting the data within an organization. With all the avenues available to employees today to electronically expose sensitive data, the scope of the data loss problem is an order of magnitude greater than threat protection from outsiders.
The data loss vectors include:
- Data in motion – Any data that is moving through the network to the outside via the Internet.
- Data at rest – Data that resides in files systems, databases and other storage methods.
- Data at the endpoint – Data at the endpoints of the network (e .g . data on USB devices, external drives, MP3 players, laptops, and other highly-mobile devices).
DATA SECURITY POLICIES
Rajput Jain & Associates have in place reasonable commercial standards of technology and operational security designed to protect all information provided by visitors from unauthorized third party access. Remote Servers, emails and the internet are shaping the way financial service providers transact business. But the gains of the electronic age have come at the cost of financial data security breaches and cyber crime which directly impact the bottom lines and goodwill of financial organizations.
Instances of identity theft, phishing and fraud have left many financial organizations open to bad press, loss of revenues and law suits worth millions followed by the inevitable tumble at the stock markets causing immeasurable loss in investor confidence. Countries like the U.S. and UK have enacted new financial data disclosure legislations to counter the rising incidence of cyber crime and to ensure improved financial IT security.
FINANCIAL DATA SECURITY
A recent study conducted on financial data security policies of global service providers concluded that most such organizations have data security measures that work only in reactive mode. That is, they kick start after lapses in financial data security are detected. Rajput Jain & Associates team of IT security experts made sure that we are ahead of the times in this respect.
Our financial data security policies work in a proactive 3-step process of prevention, detection and rapid response to deter potential network misuse or financial data security lapses. The experts at Rajput Jain & Associates have put in place high security financial service centers and surveillance systems that encompass all aspects of our clients’ business: the people, processes and technologies within the organization including all third-party vendors outside it. Rajput Jain & Associates systems are devoid of external drives to avoid data duplication or copying and have restricted print permissions to prevent data misuse.
Our clients can be confident that Rajput Jain & Associates financial service delivery works on completely locked down system channels with financial data privacy measures that are secured through the utmost redundancy.