White Papers for Basel II Capital Accord (Basel II)

Encryption Safeguards Data and Improves Compliance

Utimaco Safeware

Enterprises today must minimize their security risks, while also meeting confidentiality and privacy mandates and satisfying legal requirements in various geographic regions. That’s a Herculean task, as businesses routinely conduct operations outside the boundaries of their firewall.

Digital communication has become the primary way of conducting business, creating these three significant security risks:

•Loss or theft of confidential enterprise data assets
•Inadvertent disclosure of personal records
•Violation of national or local regulations.

You can safeguard your organization against these risks with the help of advanced encryption tools. They help protect business operations and transactions, as well as providing a comprehensive solution for complying with the regulatory mandates in various locales.

Encryption can provide data protection without unduly burdening staff members or requiring any particular user interaction. This technology is applied to data automatically as a verifiable, absolute implementation of a policy decision. Once implemented, encryption becomes transparent to those using it, while still providing very high levels of data protection on a continuous basis.

One centrally managed encryption solution, Utimaco’s Safeguard Solution Portfolio, deploys easily, requires minimal maintenance and can often satisfy the key requirements of regulatory statutes very cost-effectively.

The prevailing model of the open enterprise —in which mobile workers, removable media and increased networking generate new threats — requires a strategy that aligns business practices with full, comprehensive data protection. Utimaco’s encryption products support that strategy by addressing the three stages in the data lifecycle: the end-point or the back-end (data at rest), during transmission (data in motion) and during processing (data in use).

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