Every day, we read reports of organizations being attacked, networks being compromised, sites getting hacked and, data and confidential information getting stolen. Such data or information breaches for an organization can result in loss of revenue, loss of competitive advantage, loss of customer confidence, loss of Investor confidence, reputation damage as well as legal liabilities.
Organizations till now, have dealt with such external threats by implementing traditional security solutions like Firewall, intrusion detection systems, and host based antivirus platforms etc. These solutions can be termed as perimeter defense solutions. All these traditional models of security are mostly effective against external perceived threats. These solutions are designed to keep unauthorized personnel away from key internal systems and confidential information. Even after having these perimeter defenses in place, organizations are still vulnerable to data breaches from within the organization.
Organizations have now become more sensitive and aware of this security threat. To address this threat effectively, they need to relook at Information Security from a holistic point of view. To achieve this, they need to look at securing the information throughout the information lifecycle. This could be achieved, by securing the information right from the time it is created till the time it is destroyed or made redundant.
Finesse, through its FileSecure Information rights Management Solution (IRM) from Seclore, offers to address these issues for an organization. This FileSecure solution is a distributed document usage control system, which can control document usage rights for documents distributed within and outside of the enterprise. These rights can be changed or revoked, even after document dissemination. FileSecure IRM empowers individual users to be in full control of the document’s usage, for information owned by them. After creating the document, the document/information owner can set specific usage rights for specific users and distribute the document/information with full confidence that the usage rights will be applied on the document/information every time it is accessed, regardless of where the document/information or its copy is physically present.
Realizing the importance for Information security, the Government of UAE, through its recent Cabinet resolution number 21 on October 29th 2013, has made it mandatory for all Government institutions and institutions like Central Bank of UAE to enforce Information security. The resolution mandates the federal organizations to put in place information security policies, guidelines and solutions. The resolution holds responsible the individuals and institutions committing the breach. So, now it becomes imperative for all organizations, as an initial step, to have a defined information security and usage policy. As a following step to enforce the above, the organization then needs to deploy IRM solutions, which would secure information of organizations as per the defined security policies. Finesse through its FileSecure solution effectively address this Information leakage threats by putting in place information security policies, guidelines and the solution once deployed effectively manages and keep tracks of the information usage and access both within and outside the organization.
More information about Finesse & File Secure can be had from their website
Ajay Alex ( Practice Head – BFSI, Finesse )
Ajay Alex is responsible for formulating the strategy, direction and pace for the BFSI practice at Finesse. With over 15+ years of experience in the IT and BFSI space, Ajay has a distinctive insight into Financial market trends. This has helped him to stay ahead of the competition all through his career.
His sales expertise spans not only to all verticals within in the banking sector like Retail banking, corporate banking, Treasury & Investment Management, but also to various horizontal banking solutions. He is a passionate sales person with a successful track record of winning large project deals in the Banking and Financial service arena.
His true competence lies in his outstanding ability to nurture and maintain clients; and partner relationships over the long term. Ajay’s successful sales record spans across the Indian, Middle East and South East Asian markets.