Financial Institutions Protect Themselves with Data LossPrevention Tools

Some of the worst and most detrimental risk a company in today s era can take is due to

their lack of protection when storing sensitive information in the cloud. Companies

should be more vigilant and cognizant of their storing practices. One of the best ways

companies can do this is via deployment of cutting edge cloud security tools, notably data

loss prevention tools. Per the statement of JIRS research analyst, Manish Pilani, “In

todays era, its progressively evident for companies to start and implement rules and

regulations circling about data loss prevention tools”. While the adoption of cloud storage

reaches historic highs, more and more enterprises are seeking options that allow more

control and insight per their control in the cloud.

According to a CISO survey conducted by research group, Gartner, data loss prevention

software is considered to be one of the foremost priorities of enterprise security since

2012. Data Loss Prevention software is able to first, discover private information, then

follow its access and transfer paths, and finally block the unauthorized access and/or

transfer to other locations via the cloud.

Those employed by financial institutions are particularly interested in data loss

prevention tools, according to Rathore Partners research. Due to the advances in large

data leaks and breaches, which are targeted, on highly sensitive assets such as financial

records, health and medical information, and other intimate data. The deployment of data

loss prevention tools is principally important to block off such disasters.

Additionally, Grant Wilburns, the co-founder of the Veras Capital Group provisions this

impression, by endorsing the idea with this statement, “Data loss prevention tools have

proven to be the most effective technology that continually protects our association

against wicked hazards. Across many incidents, this ground-breaking technology has

helped other enormous administrations ensure maximum security echelons.”

Data Loss Prevention tools have also helped out the West London Group. The West

London Group avoided a adjacent problem when a current employee attempted to send

complex and private files to an secret offshore cloud storage account. When the data loss

prevention tools detected this attempted data transfer, it was promptly blocked,

preventing the insider threat in their footpaths.

In addition to cyber hackers looking for private data, employees can also be a threat. Yes,

even one’s own employees can potentially unintentionally create disturbances in an

enterprise’s policies and regulations, and mistakenly and foolishly host the company data

in unsafe, unsecured locations in the cloud. In these cases, data loss prevention tools are

helpful in blocking off unauthorized access in the accounts of unintentional blunders that

could result in millions of dollars in losses.

Though, without the appropriate technology of data loss prevention tools, no business

directive or human relations policy can protect your company. Thus, its important that

enterprises take the responsibility of preventing data breaches and leaks, as a service to

their customer, and to prevent the irrevocable damage to the brand. In some cases, breach

or leak damage has been so costly, that it’s vastly exceeded the cost of the data loss

prevention tools itself, by gargantuan multiples.