Transcript
I'm the Director of Content Strategy and Development here at BigID. I'm excited to highlight how BigID automates data security and compliance for financial services. Why do financial services need data-driven data security strategies? Financial service organizations are in the midst of a technological transformation, but emerging cyber attacks continue to grow in sophistication and complexity, hindering growth, productivity, and efficiency. Financial firms lose roughly $6 million per data breach, outpacing other industries at a 28% higher global average. This shouldn't come as a surprise due to the high volume of sensitive information collected, processed, and stored, such as personal data, account information, and financial transactions from a variety of financial institutions. That is why financial services must implement a robust cybersecurity strategy to streamline data security, compliance, and risk management. So how does BigID help financial institutions? From the beginning, BigID has helped several financial service organizations build cyber resilience, protect data, reduce risk, and achieve compliance. From cloud migrations to data minimization, financial institutions can leverage BigID for strategic data initiatives with maximum success, starting with the foundation of data discovery that streamlines cybersecurity, regulatory compliance, and risk management. With BigID, financial services can discover data, reduce the attack surface, improve the security of critical data, mitigate insider risk, simplify regulatory compliance, streamline data breach response, accelerate AI security, and secure cloud migrations. So schedule a one-on-one with one of our data security experts to see our industry-leading cybersecurity solutions in action.
