Data Protection & Loss Prevention
Safeguarding sensitive financial data through encryption, access controls, data loss prevention strategies, and comprehensive backup solutions
Cost Per Lost Record
Average in financial services
Average Time to Identify Breach
IBM Cost of Data Breach Report
Small Businesses Close After Breach
Within 6 months of incident
Your Data Is Your Most Valuable Asset
Mortgage companies handle some of the most sensitive personal and financial information—Social Security numbers, bank statements, tax returns, and credit reports. Protecting this data isn't just about compliance; it's about maintaining customer trust and business viability.
Common Data Loss & Exposure Scenarios
Understanding how sensitive data can be compromised or lost
Cyberattacks & Breaches
External attackers gaining unauthorized access to databases and file systems containing customer information.
- Database breaches
- Ransomware encryption
- Data exfiltration
Insider Threats
Employees or contractors intentionally or accidentally exposing or stealing sensitive data.
- Data theft by employees
- Accidental email exposure
- Unauthorized data downloads
Lost or Stolen Devices
Laptops, phones, USB drives, or backup media containing unencrypted sensitive information.
- Unencrypted laptops
- Mobile device theft
- Lost backup drives
Misconfigurations
Improperly configured systems, databases, or cloud storage exposing data to the internet.
- Public cloud buckets
- Open database ports
- Weak access controls
Hardware Failures
Server crashes, disk failures, or natural disasters destroying data without proper backups.
- Server hardware failure
- Storage corruption
- Natural disasters
Improper Disposal
Failure to properly destroy data on decommissioned equipment or disposed documents.
- Unwiped hard drives
- Discarded documents
- Recycled equipment
Comprehensive Data Protection Framework
Multi-layered approach to securing sensitive information throughout its lifecycle
Encryption
Protect data at rest and in transit
Data at Rest
Full disk encryption (AES-256) on all devices and servers
Data in Transit
TLS 1.3 for all network communications and file transfers
Database Encryption
Transparent data encryption for sensitive database fields
Email Encryption
S/MIME or PGP for sensitive email communications
Access Controls
Limit who can view and modify data
Role-Based Access
Permissions based on job function and need-to-know
Multi-Factor Authentication
Required for accessing sensitive data systems
Privileged Access Management
Strict controls on administrative accounts
Access Reviews
Quarterly audits of user permissions and access rights
Data Loss Prevention (DLP)
Prevent unauthorized data exfiltration
Email DLP
Scan outbound emails for sensitive data patterns
Endpoint DLP
Block unauthorized file transfers to USB or cloud
Network DLP
Monitor and control data leaving your network
Cloud DLP
Protect data in SaaS applications and cloud storage
Backup & Recovery
Ensure data availability and resilience
3-2-1 Backup Rule
3 copies, 2 different media, 1 offsite location
Immutable Backups
Ransomware-proof backups that cannot be encrypted
Regular Testing
Monthly restoration tests to verify backup integrity
Automated Backups
Daily incremental, weekly full backups
Data Classification Framework
Categorize data to apply appropriate protection levels
Highly Confidential
Data requiring maximum protection: SSNs, account numbers, passwords, credit reports
Confidential
Internal business data: loan applications, financial statements, employee records
Internal Use
General business information: policies, procedures, internal communications
Public
Information intended for public consumption: marketing materials, press releases
Data Protection Compliance Requirements
Financial services firms must comply with multiple data protection regulations:
Federal Regulations
- GLBA Safeguards Rule data security
- FCRA consumer data protection
- ECOA fair lending data requirements
State & Industry Standards
- State breach notification laws
- CCPA/CPRA consumer privacy rights
- NIST Cybersecurity Framework
Protect Your Most Valuable Asset
Our comprehensive data protection solutions combine encryption, access controls, DLP, and backup strategies to safeguard your sensitive financial data while maintaining regulatory compliance.