The three million pounds-plus fine imposed on three of HSBC's divisions for failing to adequately protect customer data could easily have been avoided if the banking group has made use of digital data vaulting technology, says Cyber-Ark.
Reports that the FSA has hit HSBC's Life UK, Actuaries and Consultants plus Insurance Brokering divisions with heavy-duty fines are the direct result of the bank not using a secure mechanism to allow distributed access to customer's data," said Mark Fullbrook, UK and Ireland Director with the data integrity and security specialist.
"Data vaulting takes the best of encryption and IT security technologies
Reports that the FSA has hit HSBC's Life UK, Actuaries and Consultants plus Insurance Brokering divisions with heavy-duty fines are the direct result of the bank not using a secure mechanism to allow distributed access to customer's data," said Mark Fullbrook, UK and Ireland Director with the data integrity and security specialist.
"Data vaulting takes the best of encryption and IT security technologies
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