By protecting data with encryption and key management solutions from Townsend Security, businesses can easily meet compliance requirements.

Townsend Security, a leading provider of encryption and key management solutions, today announced that Alliance Key Manager can help businesses in the finance industry meet new encryption requirements, including those found in the New York Department of Financial Services (NYDFS) cybersecurity regulation and the European Union General Data Privacy Regulation (GDPR), in addition to existing Gramm-Leach-Bliley Act (GLBA) and PCI Data Security Standard (PCI DSS).

By protecting nonpublic personal information (NPI) and personally identifiable information (PII) with NIST-compliant AES encryption and FIPS 140-2 key management found in Townsend Security’s Alliance Key Manager, businesses 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 and customer loss.

Fortunately, encryption and key management has gotten tremendously easier to deploy and is within reach of the most modest budgets. Customers worldwide have turned to Alliance Key Manager because it enables them to easily meet the most stringent requirements found in GLBA, PCI DSS, and HIPAA. The solution has been validated to meet PCI DSS in VMware, and is also available as a hardware security module (HSM) and in the cloud (AWS, Azure, vCloud).

“The finance industry is increasingly being held accountable for the security, confidentiality and integrity of non-public customer information,” said Patrick Townsend, founder and CEO, of Townsend Security. “Encryption, along with key management, is the best way to ensure that private information remains private – even in the event of a breach.”