SAN JOSE, Calif., July 13, 2016 /PRNewswire/ -- CipherCloud, a leader in cloud security and visibility, today announced it has extended its integration with Box to deliver security and privacy for critical business content in the financial services industry. With CipherCloud's Cloud Security Broker (CSB), financial services firms can provide their employees and customers with modern cloud-based content management and collaboration capabilities on Box while leveraging CipherCloud for data security and compliance with government regulations.
As financial services firms move to the cloud, they face a unique set of challenges related to protecting data and ensuring control and compliance. These firms need to meet myriad industry regulations and compliance mandates covering the type of content, internal and external sharing of content, and actions to be taken when users violate policies.
Box and CipherCloud are jointly hosting a webinar on Thursday, July 21, 2016 at 9:30am PDT titled, "Case Study: Investment Leader Enables Collaboration While Securing Sensitive Data," that will detail how the companies ensure client-advisor privacy while enabling cloud-based collaboration for financial services firms. To register, click here.
CipherCloud's CSB prevents unauthorized access or leaks of sensitive information with cloud data loss prevention (DLP), cloud malware detection, and comprehensive reporting—seamlessly integrated with the Box platform. Together CipherCloud and Box meet the needs of financial services firms by enabling them to:
Establish "ethical firewalls" to ensure strict sharing rules between client advisors and employees in other investment functions
Deliver secure and simple document sharing capabilities on Box while ensuring data security and compliance
Apply strict collaboration controls for regulated content while protecting documents shared between authorized employees and between clients and financial advisors
Enforce corporate DLP policies and automatically block, quarantine or protect sensitive data when violations are triggered
CipherCloud, a Box Trust ecosystem partner, recently enabled a large U.S. investment firm to deploy Box for a new wealth advisory portal that met strict mandates for data security, governance and compliance from SEC, FTC and FINRA regulators. An industry leader in cloud information protection, CipherCloud enables hundreds of financial services firms and organizations in regulated industries to adopt cloud applications by addressing data privacy, residency and regulatory compliance requirements.
Quotes "Security and compliance are table stakes for financial services firms that want to move to the cloud," said Adam Ross, Managing Director, Financial Services, Box. "Box Trust partners like CipherCloud help businesses protect sensitive and regulated information so they can take full advantage of the benefits that come with using modern cloud technologies."
"As financial services firms move to the cloud to simplify collaboration and communicate more efficiently, they face a new set of challenges related to data security, control and compliance," said Dev Ghoshal, Senior Vice President, Global Alliances for CipherCloud. "With CipherCloud, they can take full advantage of Box for file sharing and collaboration while protecting their sensitive and regulated information."
Webinar: Investment Leader Enables Collaboration While Securing Sensitive Data
Blog: How to establish ethical firewalls for cloud file sharing
About CipherCloud CipherCloud, a leader in cloud security and visibility, enables companies to adopt the cloud while delivering data protection, compliance and control. CipherCloud delivers a comprehensive multi-cloud security platform that integrates advanced data protection, content control, monitoring, cloud discovery and risk analysis. The largest financial services, insurance, healthcare, telecommunication, and government companies across more than 25 countries have put their trust in CipherCloud.
CipherCloud, named as SC Magazine's Best Product of the Year, technology is FIPS 140-2 validated and has received investments from premier venture capital firms Andreessen Horowitz, Transamerica Ventures, Delta Partners and T-Venture, the venture capital arm of Deutsche Telekom. For more information, visit www.ciphercloud.com and follow us on Twitter @ciphercloud.