While the growth of bring your own collaboration will lead to greater and more pervasive workplace data leakage and privacy risks, financial institutions may be able to mitigate data extrusion through encryption, usage controls and content filtering.

The San Jose, Calif.-based FinalCode designed its new platform, FinalCode 5, to do just that. FinalCode said the platform makes it easier for enterprises to fortify their data governance posture for shared files.

"Companies are facing a rampant data leakage dilemma, 'bring your own collaboration,'" Gord Boyce, CEO of FinalCode, said.

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Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).