As a high-risk industry for data leakage, the financial industry will not only damage the normal operation of the enterprise, but also pose a threat to the entire industry and even the asset data once it is leaked, abused or tampered with.
Recently, the Draft Measures for the Management of Data Security in the Business Domain clearly stipulates the data security protection and compliance requirements of data processors, emphasizing that data processors should bear data security responsibilities. This move shows that the central bank is actively exploring the norms and measures for data security management, and puts forward higher requirements for the data security of banking business.
Enterprise data protection strategy
1.Establish robust security policies and procedures:
Financial institutions need to have detailed security policies and procedures in place, including data classification, access control, encryption, backup and recovery, and more. These policies and procedures should clarify the responsibilities of each employee and be reviewed and updated regularly.
2.Data Encryption and Protection:
Encrypting sensitive data is an effective protective measure. Using strong encryption algorithms and proper security key management can greatly reduce the risk of data being acquired by unauthorized visitors. At the same time, additional security measures, such as firewalls, intrusion detection systems, etc., should be taken to prevent malicious attacks and unauthorized access.
3.Data Use and Access Control:
Financial institutions should establish strict data use and access control mechanisms to ensure that only authorized personnel have access to sensitive data. At the same time, measures should be taken to monitor and limit abnormal data access behavior.
4.Compliance & Audit:
Financial institutions should comply with relevant laws, regulations and industry standards, and conduct regular internal audits and compliance checks to ensure the implementation of data security policies and procedures. At the same time, security policies should be regularly assessed and adjusted to respond to new security threats and risks.