The financial services industry is built upon the collection and processing of sensitive information, including personal identifiable information (PII) and financial records. Therefore, it is vital to safeguard this information from unauthorized access, malicious attacks, or accidental loss. With the increasing sophistication of cyber threats and the significant reputational and financial consequences associated with data breaches, protecting sensitive information remains a top priority for financial services companies.
With remote work becoming increasingly prevalent, financial services companies must secure data stored on endpoints outside of network boundaries, such as laptops, mobile devices, and home networks. These endpoints are often vulnerable to cyber threats, making it challenging to ensure that sensitive data is protected. As a result, maintaining security on data stored on endpoints outside of network boundaries has become a significant data security challenge for financial services companies.
Phalanx MUZE addresses common data security challenges in the financial services industry by implementing a Zero Trust Data Access (ZTDA) approach. This means that only authenticated and authorized users have access to the data they need, and access controls are continuously monitored and updated. By implementing ZTDA, Phalanx MUZE ensures that sensitive information remains secure, even when accessed from endpoints outside of network boundaries.
Phalanx MUZE combines automation, encryption, and identity to provide a seamless data access experience that ensures only the right people have access to the right information. With automation, users can access the data they need quickly and efficiently, without sacrificing productivity. Encryption ensures that sensitive information is protected from unauthorized access, while identity provides a secure and traceable user experience. With this approach, Phalanx MUZE provides financial services companies with a comprehensive solution for overcoming common data security challenges.
Phalanx MUZE's solution for financial services industry customers includes secure data access and file transfers. This solution provides easy encrypted data access without relying on cloud storage, making it ideal for financial services companies that require a high level of security. Additionally, Phalanx MUZE can secure third-party file transfers, ensuring that sensitive information is protected when shared externally.
Phalanx MUZE's solution also includes compliance with industry regulations, such as the Controlled Unclassified Information (CUI), Personal Identifiable Information (PII), and International Traffic in Arms Regulations (ITAR). This solution ensures that financial services companies can store and transfer sensitive information in a compliant manner, reducing the risk of non-compliance and costly penalties. With Phalanx MUZE's solution, financial services companies can rest assured that their data is secure and compliant.