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Password management
for the finance industry

Password Management for the finance industry

Managing finances is important—managing your data even more

Trusted cybersecurity to help financial services prevent data breaches

Financial companies are inherently tempting. And make even more tempting bait. With intensifying digitisation, cyberattacks on banks, stock exchanges, insurance companies, and financial service providers are on the rise. According to a 2020 breach exposure report, more than 2.9 million emails and passwords of employees from Fortune 1000 companies were compromised. The need to shore up security measures hasn’t been more urgent that it is now.

Password Safe in the Finance industry

IT security to safeguard financial stability

According to a report released by Verizon, hacking is still one of the primary threats to financial institutions. Hackers then go on to conduct Denial of Service attacks (DoS) to render financial services inaccessible. Struggling with creating strong passwords, even the biggest financial players continue to put themselves at risk. And while there are some institutions that are leaning towards layering up their security with multi-factor authentication, it is unfortunately still not a common practice. With an enterprise password manager like Password Safe, companies can create robust passwords coupled with multi-factor authentication to significantly increase the strength of their data security.

Secured access to data

Full Protection

Full Protection

Meeting the legal standards of the finance world means securing systems with robust passwords. Password Safe makes this easier with automation where passwords can be periodically changed to minimise cyber risks.

Accessible across devices

Accessible across devices

Password Safe can also be used from different terminals, such as the customer service department of a bank. Data can easily be accessed and managed on the go, independent of location and across devices.

Authorisations based on the minimum principle

Authorisations based on the minimum principle

Employees are given access rights to only the data they need to best execute tasks. For example, trainees of a bank can have access to the data they require which can be modified according to their team.

Trouble-free operations guaranteed

Trouble-free operations guaranteed

If there is a server failure, there is a contingency plan in place. Password Safe can work with SQL clustering to ensure that regular operations continue. With live backups, you are also able to access data offline.

Information brochure for password management in the finance industry

Password Safe in the finance industry

The financial world is becoming increasingly globalised. More and more people are paying or transferring money digitally and managing their assets online. At the same time, the risk of cyberattacks is becoming more acute. As a result of the Corona-related lockdown, the number of cyberattacks in the financial industry increased by 238%. Optimise IT security in the finance industry now with Password Safe.

Read our finance brochure

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quote of our happy customers

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For large enterprises

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