Symantec said the implementation has resulted in the bank increasing the efficiency of its security controls, helping monitor and secure valuable data, reducing costs and enhancing the banks overall compliance strategy.
“We have always ensured compliance with regulatory requirements. Following the deployment of Symantec Data Loss Prevention, we’ve seen a significant improvement in the efficiency of our security controls that are now easy to configure and the timely alerting mechanism means we’re always one step ahead of any potential data breach,” said Saeed Belhoul, Group Information Security, Dubai Islamic Bank.
Banks across the region are mandated to comply with the PCI Data Security Standards, which require banks to adhere to a set of specific security standards that protect card information during and after any financial transaction.
These standards include the requirement to protect cardholder data, encrypt the transmission of cardholder data across open public networks, identify where confidential data is located, track and monitor all access to network resources and cardholder data, and to ensure cardholder data is protected from loss.
“The technology is smart and is able to automatically detect what needs to be protected – ensuring credit card and other important data is handled securely. Data Loss Prevention helped us build effective security that goes beyond the compliance to audit or regulatory requirements,” Belhoul added.
In addition to Data Loss Prevention, Symantec Enterprise Vault and Symantec Endpoint Protection have also been deployed in Dubai Islamic Bank.