Data security: Will banks ever adopt a data centric model?
Adopting a data centric model for data security would require banks to classify and encrypt all sensitive data. Can this idea gain ground? April 12, 2012 | Carol WheatcroftTraditionally financial institutions have placed the highest emphasis on avoiding data security breaches especially beyond the perimeter of the four walls of the bank. Known as the perimeter based approach, the stress has been to ensure that no matter how data is accessed – by mobile devices such as laptops, by customers accessing the bank by logging into accounts or, through the use of cloud computing technologies - data is transported in a secure fashion. In other words the security focus has been the transport of data from the perimeter to the destination by relying on encryption technologies such as Internet protocol security (IPsec). But this still leaves the data inside the organisation unencrypted and prone to breach. Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
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