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Banks balance security and workflow when encrypting in the cloud

Written by Cio
Banks balance security and workflow when encrypting in the cloud
  • Cio
  • 3 years ago
Banks balance security and workflow when encrypting in the cloud
When financial institutions store data in the cloud, they use different kinds of encryption depending on security and workflow requirements, according to a new report from CipherCloud.Of 50 major global financial institutions studied, 40 percent use tokenization for highly sensitive personally identifiable information, 15 percent for less sensitive finance data, 13 percent for least sensitive personally identifiable information, and none for non-critical business data.

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