How government-grade encryption for banks establishes better data control
Meet data protection regulations with the right cyber defence solutions
How government-level encryption for telecommunications ensures data confidentiality
Meet data protection regulations with the right cyber defence solutions
Threat actors in cyberspace are becoming more advanced and frequent, and in the meantime, the attacks on high-profile targets—from financial institutions and healthcare facilities to non-profit organisations—are also increasing.
Think of the Sandworm attack that targeted the Ukrainian power grid in 2014—it highlights the need for defence-grade security for the energy & utilities sector to protect against cybersecurity risks.
The utility sector provides some of the most critical services that the general public depends heavily on, and therefore, any attack that damages the critical infrastructure or disrupts these services needs an immediate response.
Over time, the advances in technology, the rise of online financial services, and the growing number of cyberattacks have proven that a cyber security architecture and monitoring alone would not prevent attacks against the critical assets of banks such as sensitive financial and personal data.
This has led financial institutions across the globe to realise the need for encryption—a cyber defence solution that can safeguard the security of data stored, used in operations, and transferred across networks.
Encryption—by turning plaintext into ciphertext—protects sensitive information so only authorised users can decrypt and understand the information, preventing the ill-use of sensitive banking information even after a successful breach.
Government-grade encryption for banks—a modern solution for modern problems
Increased attack surface
Financial institutions remain one of the most targeted industries for cyberattacks with ransomware, risks of working from home, and cloud attacks being some of the most common threats.
NSA-approved security
Approved by the National Security Agency (NSA) to protect information at a “Top Secret” level, this is one of the most effective encryption protocols to be used by critical service providers.
Impenetrable
Military-grade cryptography employs the SPN (substitution permutation network) algorithm, which applies multiple rounds to the encryption of your data, enabling institutions to create an impenetrable security architecture.
Cyber threats that target the telecommunications industry
Increased attack surface
Financial institutions remain one of the most targeted industries for cyberattacks with ransomware, risks of working from home, and cloud attacks being some of the most common threats.
NSA-approved security
Approved by the National Security Agency (NSA) to protect information at a “Top Secret” level, this is one of the most effective encryption protocols to be used by critical service providers.
Impenetrable
Military-grade cryptography employs the SPN (substitution permutation network) algorithm, which applies multiple rounds to the encryption of your data, enabling institutions to create an impenetrable security architecture.
How does government-grade cryptography for banks ensure better data handling?
Secures online transactions
Using encryption, you can ensure that your data and your clients’ data are protected as they perform online transactions—while logging in to your bank’s website or even when using apps. This protects the personal information of your clients and other stakeholders, including details like bank balance, income, or even details of other accounts to which they transfer money.
Protects communication with clients
Secure messaging with clients helps you maintain the integrity and authenticity of your transactions. By protecting your data in transit, you can effectively prevent damages against attacks, like SIM swapping attacks where cybercriminals avoid the two-factor authentication (2FA) protocols and reroute SMS-based messages containing codes to SIM cards owned by them.
Prevents cloud attacks
While storing large amounts of files in cloud environments helps you provide a smarter service and enable better visibility, it also makes data more open to cyberattacks. With government-grade encryption for banks, you can prevent cloud attacks that aim to leak, misuse, or alter vital financial information that could be used against your bank or clients.
Enables hybrid working
By deploying AES encryption and protecting your network traffic, banks can upgrade their cyber defence from the traditional perimeter-based security to one that extends over multiple geographic locations and ensures the protection of data transferred between the main office and remote workers.
How does government-grade cryptography for banks ensure better data handling?
Secures online transactions
Using encryption, you can ensure that your data and your clients’ data are protected as they perform online transactions—while logging in to your bank’s website or even when using apps. This protects the personal information of your clients and other stakeholders, including details like bank balance, income, or even details of other accounts to which they transfer money.
Protects communication with clients
Secure messaging with clients helps you maintain the integrity and authenticity of your transactions. By protecting your data in transit, you can effectively prevent damages against attacks, like SIM swapping attacks where cybercriminals avoid the two-factor authentication (2FA) protocols and reroute SMS-based messages containing codes to SIM cards owned by them.
Prevents cloud attacks
While storing large amounts of files in cloud environments helps you provide a smarter service and enable better visibility, it also makes data more open to cyberattacks. With government-grade encryption for banks, you can prevent cloud attacks that aim to leak, misuse, or alter vital financial information that could be used against your bank or clients.
Enables hybrid working
By deploying AES encryption and protecting your network traffic, banks can upgrade their cyber defence from the traditional perimeter-based security to one that extends over multiple geographic locations and ensures the protection of data transferred between the main office and remote workers.
Build a resilient cyber defence architecture with government-grade encryption for banks
At VOROR, we provide entities with customised cyber defence solutions that safeguard the integrity and security of the services they provide. Our solutions span from NCSC-certified training programmes and cyber defence consultancy to implementing Zero Trust solutions, and national-grade cryptographic solutions.
Get in touch with our team and get the ultimate cyber defence solutions built for your bank.
FAQs
Banks operate with some of the most sensitive information, requiring them to invest in government-grade encryption solutions to protect the personal identifiable information (PII) of their clients and ensure their confidentiality.
In addition, it’s also essential when meeting regulatory standards and ensuring compliance with the latest local and international data protection laws.
VOROR’s excellent cryptographic solutions include cloud cryptography, VPN cryptography, and SD-WAN solutions.
Banks can reap many benefits from military-grade cryptography solutions from ensuring the security and confidentiality of customer records and protection against anticipated threats to promoting the reputation and integrity of their brand by complying with data protection protocols and ensuring client safety.
Ensure the best possible financial services by enabling better data security
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© All rights reserved | © Voror 2023
© All rights reserved | © Voror 2023