Carol Wheatcroft | The Asian Banker | 12APR2012
Traditionally financial institutions have placed the highest emphasis on avoiding data security breaches especially beyond the perimeter of the four walls of the bank. Known as the perimeter based approach, the stress has been to ensure that no matter how data is accessed – by mobile devices such as laptops, by customers accessing the bank by logging into accounts or, through the use of cloud computing technologies - data is transported in a secure fashion. In other words the security focus has been the transport of data from the perimeter to the destination by relying on encryption technologies such as Internet protocol security (IPsec). But this still leaves the data inside the organisation unencrypted and prone to breach.