The finance industry is increasingly being held accountable for the security, confidentiality and integrity of non-public customer information (NPI). By protecting nonpublic personal information and personally identifiable information (PII), businesses in the banking and financial services industry can protect private information including: customer financial records, social security number, income, and account numbers. Organizations that experience a data breach where un-encrypted data is lost can suffer fines reaching into the millions of dollars, as well as face indirect costs like brand damage, litigation and customer loss.Meeting data security compliance requirements (GLBA, FFIEC, PCI DSS, etc.)
Examples of NPI and PII that need to be encrypted
Encryption and key management
How to take advantage of the GLBA’s “safe harbor” protection for privacy notices
