Fortifying global currency exchange: Infovie’s robust data protection framework – Infovie

Customer Profile

Fortifying global currency exchange: Infovie's robust data protection framework

As a dominant force in the foreign currency exchange arena, the client operates both
online and through an extensive network of over 1,500 stores, including major
airports, complemented by a global network of 1,250 ATMs. The sheer scale of
operations presented unique challenges typical of financial institutions handling
large transaction volumes and requiring stringent data privacy measures.

Introduction

In the realm of cutting-edge IT solutions, Infovie shines as a leading player, showcasing its prowess in a compelling case study featuring one of the world’s largest foreign currency exchange players. This client, engaged in trading over 80 currencies across 50 countries, faced formidable challenges associated with data privacy, protection, and compliance in their vast online and physical presence.

Challenges faced

The client grappled with challenges inherent to financial institutions dealing with vast transactional data, focusing on key areas of compliance and data protection, including:

Data protection in case of asset loss: Mitigating risks associated with the loss or theft of assets, particularly laptops and removable drives containing sensitive data.
Restricting personal device usage: Implementing measures to prevent employees from connecting personal devices to corporate endpoints, ensuring a secure computing environment.
Implementing data encryption policies: Defining robust data encryption policies to safeguard customer data stored on local hard drives of endpoints.
Future-proof platform: Developing a future-proof platform to cater to evolving needs within the organization, facilitating secure data sharing among teams.

Solution Provided by Infovie:

Infovie’s response to the client’s challenges was a comprehensive and tailored data loss breach prevention framework, incorporating the following key components:

Results Achieved:

The collaboration with Infovie yielded significant results, addressing critical concerns and fortifying the client’s data protection posture:

Global data loss prevention framework: An all-encompassing framework was established, spanning the globe to prevent data breaches and ensure compliance.

Infrastructure strengthening: A robust infrastructure was built, connecting a centralized policy server to various offices worldwide, providing a cohesive and secure data governance structure.

Authorized data sharing: Infovie implemented measures to allow only authorized users to securely and easily share data, enhancing control over information flow.

Active directory integration: Leveraging Active Directory, Infovie imported user and device information, ensuring synchronization and scheduling tasks efficiently.

Logs and compliance reports: Detailed logs and compliance reports on users and encrypted devices were generated, facilitating a proactive approach to data security.

Renewed focus on threat mitigation: The client gained the capability to refocus on addressing threats stemming from intentional or accidental asset loss, enhancing overall security.

Mitigation of internal risks: Risks associated with the internal loss of sensitive data were meaningfully mitigated, ensuring data integrity and confidentiality.

Financial liability prevention: The robust framework put in place by Infovie successfully prevented financial liabilities associated with breach remedies, compliance costs, customer attrition, and damage to the brand image.

Reference Points:

The case study aligns with the distinction between data protection and data privacy, emphasizing the crucial role of compliance regulations in ensuring user privacy requests are executed while companies implement tools and policies to restrict access to sensitive data.

Conclusion:

Infovie’s commitment to delivering state-of-the-art IT solutions shines through in this transformative case study. By addressing the complex challenges faced by a global currency exchange giant, Infovie not only fortified data protection but also enabled the client to navigate the intricacies of compliance and privacy seamlessly. This case exemplifies Infovie’s prowess in tailoring solutions to meet the unique demands of the financial industry, reinforcing its position as a leader in the IT landscape.

Customer Profile