Discussion – 


Safeguarding Financial Data: How CipherTrust Manager and CipherTrust Data Security Platform Enhance Cybersecurity and Compliance

Cybercrime and security breaches can inflict significant damage on ill-prepared organisations, with potential consequences including:

– Erosion of customer trust

– Declining shareholder confidence

– Adverse media coverage

– Among other detrimental impacts

While eliminating the risk of a cyber-attack or security breach is not feasible, it is possible to minimise the exposure of your data to such threats. Implementing strategic defences is crucial for protecting your organisation.

Enhanced Security in Financial Transactions

The banking and financial sectors, where transactions are predominantly conducted online, require stringent security measures. A primary challenge in this sector is key management—the more stakeholders needing access to encryption keys, the more complex it becomes to manage them securely. This is where solutions like Hardware Security Modules (HSMs) play a pivotal role. HSMs provide secure storage and management of encryption keys within CipherTrust Manager, ensuring that keys are safely handled throughout their lifecycle—from creation and use to retirement and replacement.

Centralised Encryption Key Management with CipherTrust Manager

CipherTrust Manager is designed to centralise the management of encryption keys for the Thales CipherTrust Data Security Platform and other third-party systems. It streamlines key lifecycle processes such as secure generation, backup, restoration, clustering, deactivation, and deletion. By enhancing compliance and risk management—features noted in Gartner reviews—CipherTrust Manager supports financial organisations in maintaining high-security standards.

Robust Data Access and Security Management

The CipherTrust Data Security Platform allows administrators to define data access policies, manage users and logical domains, and produce comprehensive usage reports. It also facilitates the registration of new hosts, access to security logs, and managing third-party keys and digital certificates. To accommodate the integration needs of enterprises and service providers, CipherTrust Manager offers extensive API support, command-line interactions, and an intuitive graphical user interface (GUI).

The Integrated CipherTrust Data Security Platform

The CipherTrust Data Security Platform is a unified suite of data-centric security solutions that integrate data discovery, protection, and control within a single platform. This integration enables organisations to:

Discover: Identify and classify sensitive data across various storage locations—on-premises, in the cloud, and in backups. Effective data discovery and classification are critical for addressing potential vulnerabilities before they can be exploited.

Protect: Secure sensitive data with protective measures like encryption or tokenisation. The platform’s extensive data security capabilities include file-level encryption, application-layer encryption, database encryption, static data masking, and faultless and vaulted tokenisation.

Control: Centralise key management and configure security policies to monitor and control access to data and encryption keys. This ensures compliance with data security regulations and mandates across cloud, on-premises, and hybrid environments.

CipherTrust Manager can be deployed as a physical or virtual appliance in on-premises, virtualised, or public cloud infrastructures, offering a scalable and cost-effective solution for meeting compliance requirements and best practices in data security.

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