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Data Security and Compliance Challenges
Although the data-related challenges that banks face are similar to those in other industries, in many ways they are more pronounced. When it comes to scrutiny, banks are under a microscope. From the Federal Financial Institutions Examinations Council (FFIEC) examinations to compliance with a host of regulations such as Gramm-Leach-Bliley (GLBA), Basel II and SOX, they are mandated to comply with a variety of data-focused laws and standards. When it comes to data security, financial institutions are held to the highest possible standards with customer trust and brand equity hinged on the success or failure of security programs. Common industry business practices such as Business Process Outsourcing (BPO) and the complications resulting from merger and acquisition activity (no matter which side of the merger the organization finds itself on) factor into the compliance and data security challenge as does the need to address all of these issues in the least disruptive, most cost effective way.
These challenges add up to the need for a strategic comprehensive and measurable data governance program—one that encompasses people, processes and systems across the enterprise. Since technology is the conduit through which all enterprise data flows and the logical place to enforce key policies this is the data governance area that we address—specifically, the automation of data monitoring for compliance and core database security.
Database Activity Monitoring
Database Activity Monitoring (DAM) is a new technology area created explicitly to address the complicated data compliance and security challenges that the financial services industry faces. DAM provides unprecedented visibility into regulated and sensitive data across the enterprise data center. Using DAM technology, banks can “see” who is accessing which data when and from where; analyze data usage against compliance and security policies; compare the activity to the behavioral fingerprints of users; create an actionable audit trail, alerts and reports on the data activity taking place. And DAM accomplishes this in real-time.
Tizor's Solution
Mantra, Tizor’s DAM solution, saves banks time and money. It is the most scalable, comprehensive and easy to use DAM solution on the market today. Mantra deploys in hours, quickly providing the functionality that financial institutions need to audit, monitor and report on data-of-interest across a wide range of database vendors and versions. Mantra accomplishes all of this without negative impact to systems, applications and processes.
Mantra has been used successfully by banks and other financial services institutions. Learn how a Global 2000 bank achieved SOX compliance while saving money through outsourcing using Mantra.
Key challenges addressed by Mantra READ MORE
DAM and the FFIEC
Resources for banks and other financial services organizations | 
