Like most regulated industries, banks are required to protect the privacy of consumers’ finances under a federal law called the Financial Modernization Act of 1999 (also known as the Gramm-Leach-Bliley Act). The law governs how financial institutions can collect and disclose customers’ personal financial information, maintain safeguards to protect customer information, and prevent individuals and companies from gaining access to consumers’ personal financial information under false pretenses.
A large U.S. bank that has for years been using Senergy from Condrey Corporation to manage employee home folders and group storage and access recently learned of the Target-Driven Security policies introduced in Senergy 6.5. These new policies provide Data Access Governance to network folders storing sensitive and high-value data.
The bank was especially interested in Lockdown policies, that would allow the bank to establish the baseline permissions for folders storing private consumer information, knowing that if unauthorized access permissions were mistakenly made by an IT worker at some future time, that the new permissions would be automatically removed, and the appropriate access permissions would be restored.
Senergy Lockdown policies are now an integral part of the bank’s privacy regulations compliance plan.