Best practices for data security at financial institutions

As technology advances and cyber security threats increase, banks must take the necessary steps to protect their customers’ data and assets. But why is such a high level of security so important? 

Whether you simply deposit your income or make larger transactions, investments, and purchases, banks have access to sensitive financial information from both businesses and consumers. For this reason, banks must adhere to the highest level of information security to safeguard their  data from any malicious actors, breaches, or cyberattacks. 

Often, organizations opt to use compression and encryption software to prevent data loss. WinZip® Enterprise is the ideal solution for helping with data loss prevention at your financial institution.