Breach Financial Institution Solutions
The Challenge
Many financial institutions have turned to web applications to deliver basic and value-added services to their customers cost-effectively. By doing so, they face a number of challenges, including:
- A data breach can have significant costs, both financial and to the organization’s brand and reputation. On average, a data breach costs financial institutions $239 per record lost with more than half of the costs resulting from lost business. As hacking has turned from fun to “for-profit,” financial institutions have been increasingly targeted.
- Institutions that “store, process or transmit” debit or credit card information must comply with the Payment Card Industry (PCI) Data Security Standard (DSS) and other regulations.
- With the increasing consolidation of financial institutions, the acquiring or newly-merged organization must enhance service offerings to maintain existing and new customers.
How can financial institutions address these challenges? Breach Security web application firewalls offer a powerful solution set.
Breach Security Benefits to Financial Institutions
Security
- Customer Data Leakage Prevention - Breach Security web application firewalls prevent IDs, passwords, Social Security and account numbers, and other sensitive data from leaving web application databases due to hacks and poor coding practices.
- Real-Time, Continuous Web Application Security - Breach Security web application firewalls shield vulnerabilities from existing and emerging attacks, allowing faster web application deployments and increasing uptime—saving the organization time and money. Learn more about web application security.
Compliance
- Accelerated and Automated PCI Compliance for Web Applications - Breach Security web application firewalls ensure immediate compliance with Requirement 6.6 and facilitate compliance with many other PCI requirements. Learn more about PCI compliance.
Integrity
- Web Application Defect Identification - Breach Security web application firewalls pinpoint and highlight application health issues— such as broken and missing links—that can lead to inaccurate or incomplete customer transactions.
- No Decrease in Web Application Performance - With an eye on client satisfaction and application performance, Breach Security web application firewalls do not add latency to web application transactions, preserving positive customer experiences. Learn more about web application integrity.