X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WALTHAM, Mass. – Database security company Guardium, Inc. has introduced its Data Privacy Accelerator, the first database-centric solution for preventing identity theft, including unauthorized access by `trusted’ insiders. The solution debuted at RSA 2006 in San Jose. The Guardium Data Privacy Accelerator builds upon the Guardium SQL Guard platform, the most widely used network solution for database security and auditing, said the company. “Massive identify theft is most companies’ biggest nightmare, even if they’re too afraid to say these words out loud,” said Ram Metser, president and CEO of Guardium. “Databases are rich and under-protected targets. They hold all the confidential customer and employee information you absolutely can’t afford to have breached.” The Guardium Data Privacy Accelerator delivers a portfolio of pre-configured policies, real-time alerts, and audit reports that are specifically tailored to the challenges of identify theft, based on industry best practices. For example, the system automatically generates real-time alerts whenever anomalous database activity is detected, such as a high volume of requests for first and last names in combination with credit card or bank account numbers. Requests can also be blocked when sensitive information is accessed in unexpected ways, such as after-hours queries or access from unapproved applications. “Protecting customer data is much less expensive than dealing with a security breach in which records are exposed and potentially misused,” writes Avivah Litan, research vice president, Gartner, Inc. According to Gartner’s September 2005 report entitled, “Management Update: Data Protection is Less Costly Than Data Breaches,” companies spend “an expenditure of at least $90 per account when data is compromised or exposed during a breach.” This translates to a bottom-line hit of almost $5 million for a company with only 50,000 exposed accounts.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.