When it comes to data security, financial institutions today face an alphabet soup of U.S. regulatory and industry standards such as PCI DSS, GLBA and SOX – as well as a long list of SEC requirements where relevant.
Traditionally, financial institutions have met stringent security requirements through security best practices and traditional security products such as firewalls, data loss prevention and anti-virus software.
However, in light of today's burgeoning threat climate and the long list of breaches at prominent financial institutions, traditional thinking is changing. Today, new approaches are being considered to raise security, enhance accountability and visibility – while lowering liability and security overhead.
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