Financial Services

Common Data Security Challenges Faced by Financial Services Industry

Protecting Sensitive Information

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.

Maintaining Security on Data Stored on Endpoints Outside Network Boundaries

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.

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Overcome Common Data Security Challenges

Zero Trust Data Access (ZTDA)

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.

Automation, Encryption, and Identity

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.

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Protect Your Financial Services Company

Secure Data Access and File Transfers

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.

Compliance with Industry Regulations

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.

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Testimonials

"Phalanx has significantly reduced the time that it takes for us to be able to construct a POC with our customers. As with any data relationship, sending data back and forth can either be problematic if you have to develop new API’s. Having the ability to use flat files with our customers who can simply create a folder in their choice of cloud storage where all files are automatically encrypted and delivered them to us seamlessly is a big plus. In addition, their system helps keep the data on all of our corporate laptops safe and secure!"

Robert J. Kirk

CEO

InterGen Data

“Phalanx's design is very intuitive and requires almost no time to learn. Their combination of automation with data security solved our secure file handling challenge and significantly increased our security without needing us to spend extra time.”

Michael Princi

CEO

CerteVerus AI

“We were looking for a data security tool that encrypted all local files, especially as more offices go virtual. With Phalanx, the security follows each file and allows you to be compliant anywhere. Phalanx is very flexible and modular and provides the functionality we were looking for.”

Evans Foster

CTO

Ingalls Information Security

“With more stringent CUI requirement from the DoD, we had a major challenge finding simple secure file transfer solutions that also allowed us to stay compliant. Most potential solutions we researched were either too cumbersome or not practical to implement in our environment. Phalanx lets us easily exchange sensitive and CUI files without adding complexities while also providing automatic security for those files when they’re stored on our devices.”

Thomas G.

Chief Cybersecurity Architect

Dynamic Animation Systems

Protect Your Financial Services Data

Common Data Security Challenges Faced by Financial Services Industry

Protecting Sensitive Information

Maintaining Security on Data Stored on Endpoints Outside Network Boundaries

Overcome Common Data Security Challenges

Zero Trust Data Access (ZTDA)

Automation, Encryption, and Identity

Protect Your Financial Services Company

Secure Data Access and File Transfers

Compliance with Industry Regulations

Testimonials

See what Phalanx can do for your team.

Protect Your Financial Services Data

Common Data Security Challenges Faced by Financial Services Industry

Protecting Sensitive Information

Maintaining Security on Data Stored on Endpoints Outside Network Boundaries

Overcome Common Data Security Challenges

Zero Trust Data Access (ZTDA)

Automation, Encryption, and Identity

Protect Your Financial Services Company

Secure Data Access and File Transfers

Compliance with Industry Regulations

Testimonials

See what Phalanx can do for your team.

Book Live Product Demo