May 8, 2024

Successful Implementation of Getvisibility's DSPM Solution at a Large International Bank

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Background

In the ever-evolving landscape of financial institutions, safeguarding sensitive data is of paramount importance. Large international banks, with extensive and diverse data landscapes, face a multitude of challenges in data security and regulatory compliance. The need for enhanced data loss prevention, data access governance, and data hygiene led this global bank to turn to Getvisibility's Data Security Posture Management (DSPM) solution.

Challenges:

The large international bank faced the following critical data security challenges:

Breach Avoidance:

With the continuous creation of financial data and the complexity of cloud-based collaboration, maintaining data security and preventing data breaches was a top priority.

Post-Breach Analysis:

In the event of a data breach, the bank needed to respond swiftly and effectively. Understanding the breach's origin, what data was compromised, and implementing strategies to prevent similar incidents were vital

Compliance:

The bank had to adhere to a complex web of data protection regulations, including GDPR, CCPA, HIPAA, and various financial industry-specific regulations. Non-compliance could result in severe penalties.

Data Loss Prevention

Enhanced data loss prevention capabilities were necessary to protect sensitive financial data from unauthorised access and potential loss.

‍Data Access Governance: :

Comprehensive data access governance was essential to ensure that data was accessed only by authorised individuals, aligning with regulatory requirements.

‍Data Hygiene::

Maintaining data hygiene, including identifying and mitigating data inaccuracies and inconsistencies, was a priority for accurate reporting and decision-making

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Customer retention is the key

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What are the most relevant factors to consider?

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Don’t overspend on growth marketing without good retention rates

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What’s the ideal customer retention rate?

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Next steps to increase your customer retention

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