Banking and finance is a field that is always most at risk to dangers. Criminals are continuously targeting banks whether virtually or physically. If you want to make your bank a secure place for all your customers and employees, you need to make sure you have the best security services for both internet scams as well as physical threats like break-ins and robberies.
A large volume of bank details can be generated in several ways, such as by:
- Management systems;
- Non-bank used computer programs;
- Service to the public at the agencies;
- Contacts with customers made by telephone;
- Applications such as Internet Banking;
- Technologies such as Cloud Computing, Artificial Intelligence and Big Data.
With so many ways to generate data, it’s imperative to take care of security. In practice, this protection works mainly through digital technologies and partnerships with information security companies.
Today, we can already see several solutions applied to combat fraud, theft and other cyber-crimes in the context of financial transactions. Some of the main ones are:
- Cards with passwords that change each time the user accesses the banking system;
- Tokens, which generate different passwords periodically;
- Security keys, with a sequence of random letters and numbers that serve to identify the user of the operations;
- Blockchain technology, which prevents tampering and fraud in financial transactions.
But in addition to these solutions, your company must take some steps to further improve bank data security. See what can be done!
1. Identity and Access Management
The IAM solution – Identity and Access Management – aims to delimit and monitor access to data, systems used by the company and transactions carried out. For example, an employee would only have access to certain data according to their position or the activity they perform corresponding to that information. Thus, Identity and Access Management allows enabling only the correct individuals to handle the data, taking into account the reasons and their processing.
2. Internal good practice policy
Another important step in ensuring the security of bank details is to create a strong internal policy. Oftentimes, human error or carelessness is the most responsible for the occurrence of cyber scams. Therefore, it is essential to guide employees. Some good practices can be enough for greater security, such as not opening emails with suspicious senders or content, not clicking on links, files and programs of dubious origin, and using antivirus on external devices such as pen drives and hard drives.
3. Virtual protection software
An action that cannot be missed is the installation of virtual protection software, such as antivirus, antimalware and firewalls. A good practice is to use programs together to increase the security level. All financial transactions must have encryption for data protection, especially for transactions made in digital media. When information between the bank and the company is encrypted, it is encrypted so that only the parties involved in the transaction have access to the decryption.
4. Operating system update
Also, don’t forget that it’s crucial to use original programs and keep them up to date. Thousands of viruses are created every day, so keeping up to date is essential to ensure the detection of new threats. Your operating system must always be up to date, as well as the browser programs used by your company. All of this helps to fix flaws and increases security mechanisms. In addition to that, to improve the security of bank details, use only trusted terminals. No public computers like internet cafes, public Wi-Fi networks such as airports. This can make it easier for malicious people to access your operations. Also, choose reliable providers that offer good policies and are from companies that are committed to digital security.
5. Well-trained security staff
No matter how much anti-virus software you install in your systems, they won’t be completely safe unless you secure your bank premises with a proper physical security system and personal security guards. It must be accepted in mind that when physical access to a resource is allowed, it no more remains secure. It is a huge risk and with a great effect, of course. This form of safety is mostly neglected but you need to make sure you are not one to do so. You should hire top-notch security services for your bank premises to ensure your clients’ safety. Well-trained security staff will know what to do in every situation and you will have nothing to worry about. Be it a natural disaster or a break-in, professional security officials can easily handle anything.
If you want to hire the best banking and finance security services in Canada, you should contact Potential Security and they will guide you about all their services and security plans.