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Data Security for Financial Services

Protect Financial Data, Prevent Fraud, Ensure Compliance

Financial institutions face unique data security challenges: protecting customer financial information, preventing insider trading, securing wire transfers, meeting stringent regulatory requirements (PCI-DSS, SOX, GLBA, FINRA). TRIAS DLP provides comprehensive protection tailored for banks, investment firms, insurance companies, payment processors, and fintech startups.

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$ πŸ’³ πŸ“Š πŸ”’ πŸ“± βœ“
94%
Reduction in Data Breaches

First year post-implementation

$8.2M
Average Breach Cost Avoided

Per prevented incident

60%
Faster Compliance Audits

PCI-DSS, SOX, GLBA

180 Days
Average ROI Timeline

Positive return achieved

Protected Financial Data

Critical information assets in financial services

Customer Financial Information

Account numbers, credit card numbers, debit cards, bank routing numbers, account balances, transaction history, credit scores, loan information, mortgage details, investment portfolios.

Risk: Identity theft, account takeover, fraudulent transactions, regulatory fines up to $500K per violation.

Personal Identifiable Information (PII)

Social Security numbers, driver's license, passport numbers, dates of birth, addresses, phone numbers, email addresses, employment information.

Risk: GLBA violations, identity fraud, synthetic identity creation, account opening fraud.

Payment Card Data (PCI)

Primary Account Number (PAN), cardholder name, expiration date, CVV/CVV2, magnetic stripe data, chip data, PIN blocks.

Risk: PCI-DSS fines $5K-$100K per month, card brand penalties, merchant account termination.

Trading & Investment Data

Non-public market information, trading strategies, client orders, portfolio holdings, research reports, M&A plans, earnings data.

Risk: Insider trading charges, SEC enforcement, market manipulation accusations, reputational damage.

Wire Transfer Information

SWIFT codes, IBAN numbers, beneficiary details, wire instructions, payment authorization codes, authentication tokens.

Risk: Business Email Compromise (BEC), wire fraud averaging $125K per incident, funds recovery rarely successful.

KYC/AML Documentation

Customer identification documents, beneficial ownership, source of funds, transaction monitoring reports, suspicious activity reports (SARs).

Risk: Money laundering facilitation, terrorist financing, regulatory sanctions, criminal prosecution.

Financial Industry Threats

Top attack vectors targeting financial services

Insider Trading & Information Leakage

Employees with access to material non-public information (MNPI) leak to friends, family, or external parties. SEC investigations, criminal charges, multimillion-dollar fines.

Real Example: Investment banker shares M&A details before announcement. Friends trade on information. $5M SEC fine, 3-year prison sentence.
TRIAS Prevention: Monitor communications (email, chat, file sharing) of employees with MNPI access. Block sharing of deal codes, company names, financial projections.

Business Email Compromise (BEC)

Attackers impersonate executives to authorize fraudulent wire transfers. Finance teams tricked into sending millions to attacker accounts.

Real Example: CFO email compromised. Fake wire request sent to treasury team. $2.3M transferred to overseas account before detection.
TRIAS Prevention: Alert on unusual wire transfer requests. Require multi-party approval. Detect email account compromise. Flag external email domains similar to executives.

Payment Card Data Theft

Card data stolen from payment processing systems, point-of-sale, e-commerce platforms. Sold on dark web, used for fraud.

Real Example: Malware on POS terminals captures card data. 40M cards compromised. $200M in fraud losses, lawsuits, fines.
TRIAS Prevention: Prevent PAN storage outside PCI-DSS scope. Encrypt card data in transit and at rest. Monitor for card data in unauthorized locations.

Account Takeover & Credential Theft

Customer credentials stolen via phishing, malware, database breaches. Accounts drained, fraudulent transactions, wire transfers.

Real Example: Customer database breach exposes 5M credentials. Accounts accessed, $50M stolen before accounts frozen.
TRIAS Prevention: Prevent credential databases from being exfiltrated. Monitor for unusual access patterns. Require MFA for high-value transactions.

Ransomware Targeting Financial Data

Ransomware encrypts customer databases, transaction systems, core banking platforms. Operations halted, regulatory reporting impossible.

Real Example: Ransomware encrypts loan origination system. 3-day outage. $5M ransom demand. $20M revenue loss.
TRIAS Prevention: Prevent unauthorized access to databases. Block malware from accessing financial files. Air-gap backups from production networks.

Third-Party & Vendor Breaches

Financial data compromised at vendors, service providers, cloud platforms. Supply chain attacks increasingly common.

Real Example: Cloud provider breach exposes customer data from 100+ financial institutions. $500M in collective damages.
TRIAS Prevention: Monitor vendor access to sensitive data. Restrict data sharing with third parties. Encrypt data before sending to vendors.

Financial Services Use Cases

Real-world DLP implementations

Use Case 1

Investment Bank: Prevent Insider Trading

Challenge

M&A team has access to confidential deal information. Risk of leaking to traders, external parties. SEC requires information barriers (Chinese Walls).

TRIAS Solution

Monitor all communications from M&A team. Block emails containing deal codes, company names, financial projections. Alert compliance when MNPI detected in unauthorized channels.

Controls Deployed

Email DLP, instant messaging monitoring, file sharing controls, clipboard blocking, screen capture prevention.

Result: 100% visibility into M&A communications. Zero insider trading incidents. Passed SEC examination with no findings.
Use Case 2

Retail Bank: Protect Customer Account Data

Challenge

Branch employees can access millions of customer accounts. Risk of exfiltrating account numbers, balances, SSNs for identity theft or account opening fraud.

TRIAS Solution

Prevent downloading customer lists. Block emailing account data to personal addresses. Alert on mass account lookups. Require approval for bulk data exports.

Controls Deployed

Database activity monitoring, USB blocking, email encryption, file upload restrictions, privileged user monitoring.

Result: Prevented 47 data exfiltration attempts in first 6 months. Detected rogue employee selling customer data. Avoided $10M+ breach costs.
Use Case 3

Payment Processor: PCI-DSS Compliance

Challenge

Process 500M credit card transactions annually. Must prevent PAN from being stored, transmitted insecurely. Failed PCI audit would terminate business.

TRIAS Solution

Scan all systems for unencrypted PAN. Block card data from being emailed, uploaded to cloud, written to USB. Auto-encrypt PAN in authorized systems.

Controls Deployed

Credit card discovery, automatic encryption, DLP policies, secure file transfer, database protection.

Result: Passed PCI-DSS audit with zero findings. Eliminated PAN in non-compliant locations. Reduced audit scope by 60%.
Use Case 4

Hedge Fund: Protect Trading Strategies

Challenge

Proprietary trading algorithms worth billions. Departing traders could steal strategies, share with competitors, start competing funds.

TRIAS Solution

Prevent copying trading code, research models, backtesting data. Monitor departing employees for data exfiltration. Block uploads to personal cloud storage.

Controls Deployed

Code repository protection, file classification, user behavior analytics, resignation-triggered monitoring.

Result: Caught departing PM attempting to steal $2B strategy. Prevented competitive launch. Saved estimated $500M in fund outflows.
Use Case 5

Insurance Company: Prevent Wire Fraud

Challenge

Process $500M in claim payments monthly. BEC attacks target treasury team with fake payment requests. Average fraud: $380K per incident.

TRIAS Solution

Alert on emails requesting wire transfers from external domains. Flag urgent language, executive impersonation. Require callback verification for payments >$50K.

Controls Deployed

Email authentication, anomaly detection, payment verification workflows, executive impersonation alerts.

Result: Blocked 23 BEC attempts in first year. $12M in fraudulent transfers prevented. Zero successful wire fraud incidents.
Use Case 6

Fintech Startup: Secure API & Cloud Data

Challenge

All infrastructure in AWS. Customer financial data in S3, RDS. Developers have cloud access. Risk of misconfigured buckets, accidental exposure.

TRIAS Solution

Monitor S3 bucket permissions. Alert on public access. Prevent downloading customer databases. Encrypt data at rest and in transit.

Controls Deployed

Cloud DLP, S3 bucket monitoring, database activity monitoring, developer access controls, encryption enforcement.

Result: Prevented 3 S3 bucket misconfigurations that would have exposed 2M customer records. Achieved SOC 2 Type II certification.

Financial Services Compliance

Regulatory requirements and standards

PCI-DSS

Requirement 3: Protect stored cardholder data

Encrypt PAN, limit data retention, secure deletion, prevent PAN in unauthorized locations.

Penalties: $5K-$100K monthly fines, card brand penalties, merchant account termination.
SOX (Sarbanes-Oxley)

Section 404: Internal controls over financial reporting

Protect financial data integrity, audit trails, access controls, change management.

Penalties: Up to $5M fine, 20 years imprisonment for executives, SEC enforcement.
GLBA (Gramm-Leach-Bliley)

Safeguards Rule: Protect customer financial information

Risk assessment, access controls, encryption, vendor management, incident response.

Penalties: Up to $100K per violation, FTC/SEC enforcement, state attorney general actions.
FINRA

Rule 3110: Supervision of electronic communications

Monitor email, instant messaging, social media. Detect insider trading, market manipulation.

Penalties: Fines, trading suspensions, broker registration revocation, criminal referrals.
NY DFS 23 NYCRR 500

Cybersecurity requirements for financial services

Risk assessments, encryption, MFA, incident response, vendor security, annual certification.

Penalties: Consent orders, fines up to $1M per violation, license suspension/revocation.
FFIEC

Authentication & Access Controls

Customer authentication, privileged access management, monitoring, anomaly detection.

Penalties: Regulatory enforcement, consent orders, restrictions on operations.

TRIAS Financial Services Architecture

Deployment for complex financial environments

Trading Floor Coverage

Deploy agents on trader workstations, Bloomberg terminals, research systems. Monitor all trading communications, order flow, research distribution.

Core Banking Protection

Database activity monitoring for customer databases. File-level protection for transaction systems. API monitoring for online banking.

Branch Network Security

Endpoint protection on branch workstations. Monitor teller transactions, loan officer access. Prevent USB data theft.

Cloud & SaaS Integration

API integration with Salesforce, Workday, Office 365. Monitor cloud file sharing, external collaboration.

Payment Processing

Network DLP for payment gateways. Monitor PAN in network traffic. Prevent card data exfiltration.

Executive & VIP Protection

Enhanced monitoring for C-suite, board members, M&A teams. Prevent leakage of confidential strategic information.

Secure Your Financial Institution

Protect customer data, prevent fraud, ensure regulatory compliance

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