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Next level data security for the financial sector

Financial organizations are the backbone of our economy. If their underlying IT infrastructure fails, the consequences could be catastrophic. IT operations need to run smoothly and consistently to meet customer needs and expectations. Data security in the cloud plays a crucial role here.

Cloud solutions offer the financial sector numerous advantages: they are flexible, scalable and enable fast access to important data. But this data needs to be well protected. Particularly in the financial sector, where sensitive information such as bank data and transactions are processed, maximum security is essential.

A study shows that the number of cyber attacks on financial institutions is increasing by around 30% every year. These attacks can cause considerable financial losses and reputational damage. On average, the costs of a cyber attack on a financial organization amount to several million euros. Many institutions are still not adequately protected - more than half of financial organizations are not well prepared for cyber attacks.

DORA regulation requires encryption

The EU has therefore introduced strict requirements for IT security in the financial sector with the Digital Operational Resilience Act (DORA). DORA requires financial institutions to make their digital systems resistant to cyber attacks and to ensure that their IT systems remain functional even in times of crisis. In addition to regular risk analyses, comprehensive security measures and a rapid response to cyber incidents, this also includes the encryption of sensitive data.

Financial institutions must comply with DORA requirements to avoid legal consequences and maintain their customers' trust. eperi® sEcure provides robust data encryption to protect sensitive data in the cloud and helps with DORA regulatory compliance.

Take advantage of the cloud and back up your data comprehensively. Together, we can ensure the stability and security of the financial sector and meet the legal requirements.

References

How eperi® sEcure ensures compliance in the financial sector

Geschützte Daten in Exchange

Our customer encrypts structured data (calendars) and unstructured data (emails and files) - and thus complies with the strict BaFin regulations.

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100% security for insurance data

Our customer, an InsurTech company, offers supplementary insurance online in partner webshops and protects its customer data with the help of eperi® sEcure AnyApp.

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Why eperi®?

eperi® sEcure is a universal cloud data security solution that ensures secure data company-wide - in any cloud application or web application, whenever your data leaves your company's protected environment.

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