Securiti leads GigaOm's DSPM Vendor Evaluation with top ratings across technical capabilities & business value.

View

From Inventory to Insights: 6 Key Steps On How Financial Organizations Can Leverage Data for Competitive Advantage

Author

Jocelyn Houle

Senior Director of Product Management at Securiti

Listen to the content

This post is also available in: Brazilian Portuguese

In today's digital world, data is the lifeblood of any financial organization. It drives innovation, enables better decision-making, and creates value for the business. In financial services, organizations often wrestle with the challenge of protecting sensitive data while ensuring that it can be leveraged to drive innovation and business insights. The process of managing sensitive data holistically to achieve the best balance of usage and protection can be a daunting task, especially in a large organization. Valuable data may remain underutilized due to siloed management.

From Inventory to Insights: 6 Key Steps On How Financial Organizations Can Leverage Data for Competitive Advantage

From creating a full inventory of data assets to meeting data obligations and enabling data consumers to innovate, the challenges are many. This blog post outlines the 6 key steps in creating value through unified data controls.  By following these steps, financial organizations can meet their data obligations, foster innovation among data consumers and producers, and streamline their operations with minimal friction.

1. Find All the Data and Create Unified Policies

The first step of creating value with a unified data controls architecture is actually a three-part process:

a. Find all data

To do that, administrators must gather and build a real-time catalog of all native and shadow assets, data, data types, and data locations. This effort typically relies on stitching together application monitoring, network monitoring, cloud and infrastructure engineering logs, or consulting confusing and overlapping asset lists by the line of business.

b. Figure out what data matters most

Once that full list is created, the data producers and stewards need to create an accurate assessment of all the sensitive data that needs to be protected and remediated. Today, this is often done through spreadsheets and informal declarations.

c. Create a set of policies for automation

Locating all data and then establishing standard policies are critical components to unified data security, governance and privacy. Core capabilities, like dynamic data masking for specific user groups, help restrict unwanted sensitive data proliferation. Obtaining a comprehensive understanding of all corporate data assets, along with identifying and cataloging sensitive data, serves as the cornerstone for a robust security and data management framework within any financial organization's expansive data environment.

2. Make Sense of Who Has Access to Sensitive Data

It is important for financial organizations to have a  360-degree view of:

  • Who is accessing sensitive data from where
  • What systems house all the data
  • What processes change the data
  • What regulation is tied to that data

Managing identity access across hundreds of data systems in most organizations results in millions of access scenarios with various permutations and combinations. To address this issue, organizations are re-evaluating all access controls through data transformation projects.

Manual processes are insufficient for financial organizations that require scalability; and therefore, automated insights that incorporate user and role access along with sensitive data awareness are necessary. By analyzing all role and permission settings, even across multiple systems, geographic regions, and clouds, and aligning them with data sensitivity, organizations can connect this information with real-world attributes such as user location, data location, and system, as well as data regulations.

3. Rank Risk of Sensitive Data and Remediate Based on Prioritization

It is essential for financial organizations to prioritize the sensitive data present in their environment to effectively manage limited resources and time across many lines of business. This can be achieved through a risk-based ranking that considers which data is most important (governance), what data is most critical to protect (security), and what regulations are tied to that data (privacy). By doing so, institutions can prioritize access controls and platform security for the most sensitive data.

Utilizing risk-scoring on data assets for remediation is a critical component in safeguarding sensitive data within financial organizations that have many lines of business and complex integrations. By prioritizing the most important data, financial institutions can ensure that their resources are used effectively to secure the environment. To manage and protect this crucial data, institutions should implement remediation steps that leverage workflows and data mapping, automating the process and keeping stakeholders informed.

4. Enhance Categorization, Classification and Tagging Around Sensitive Data

A unified approach to categorizing and classifying sensitive data enables organizations to streamline efforts without compromising security, privacy, or innovation. To derive meaningful insights, financial organizations must be able to search and share all data, including sensitive data. Firms can achieve this by enhancing the metadata that describes the data in their enterprise.

Enhanced metadata can be added programmatically and includes key information such as who is the data steward, what line of business owns the data and the data’s original provenance and lineage. By making this data searchable by Subject Matter Experts (SMEs), organizations improve their ability to quickly and accurately find the data they need. Moreover, automated workflows should be utilized by SMEs to further enhance metadata in the data catalog, ensuring that business metadata is rich and always up to date.

Finding and cataloging all data provides rich business context to data scientists and business analysts so they can more easily create new models, queries and reports to drive innovation and new revenue opportunities. This same rich metadata can help privacy, security and governance teams better protect and manage enterprise data. By prioritizing metadata enhancement as a key component of a unified data controls strategy, financial organizations can gain a competitive edge by unlocking the full potential of their data.

5. Create Strong Relationships with Regulators Reporting

In today's highly regulated financial landscape, transparent and efficient reporting about sensitive data is crucial for organizations to meet, and hopefully exceed, financial and internal regulatory requirements. Regulators and internal data standards teams want to know where all the data is and what, exactly, is the plan to manage it all. However, the increasing complexity of multi-cloud environments and the vast amounts of data in those environments make it impossible to do manually and in spreadsheets. Financial organizations must automate and standardize their reporting processes.

Siloed department's processes for responding to Matters Requiring Attention (MRAs) exacerbate the problem of managing regulator expectations. Silos cause confusing and inaccurate outcomes that damage the firm’s relationship with regulators. By implementing an automated reporting solution, financial organizations can demonstrate transparency and build trust with regulators. Continual reporting ensures that organizations remain compliant and well-prepared for future regulatory changes. Overall, an automated reporting process is vital for financial organizations looking to comply with government regulations and maintain the trust of their customers.

6. Make it Deployable for Large, Complex Companies

Data controls is an emerging field with many new technology offerings. It is easy to forget that financial organizations not only need to compete on data and meet regulatory requirements, but also ensure that their data management infrastructure and solutions are enterprise-grade.

One way to achieve this is by leveraging an API-driven and modular architecture. This allows it to be flexible at the enterprise scale. Any solution, to be enterprise-grade, must support a financial organization's move to a multi-cloud or hybrid cloud environment by including:

  • A scalable, unified data management platform to manage data effectively, whether in the cloud or on-premises,
  • Ability to integrate with existing or new configuration management database solutions (CMDB), such as ServiceNow,
  • Flexible, robust workflows, and orchestration capabilities, and
  • Demonstrate compliance with privacy regulations and finance security certifications.

How Can Securiti Help?

Securiti’s Data Command Center provides a holistic enterprise-grade solution to help financial organizations manage data, especially sensitive data, across their entire organization. This includes:

  • Establishing sensitive data intelligence across your data landscape,
  • Gaining granular insights into which users and roles have access to sensitive data,
  • Discovering the geographic location of data and the appropriate regulations that apply,
  • Providing the ability to easily collect and enhance metadata around all your data,
  • Deliver a flexible, scalable, API-driven solution for on-premise, hybrid or multi-cloud environments.

Securiti allows you to unleash the power of data by putting the appropriate controls in place to ensure that the data is always being managed responsibly.

Join Our Newsletter

Get all the latest information, law updates and more delivered to your inbox


Share

More Stories that May Interest You
Videos
View More
Mitigating OWASP Top 10 for LLM Applications 2025
Generative AI (GenAI) has transformed how enterprises operate, scale, and grow. There’s an AI application for every purpose, from increasing employee productivity to streamlining...
View More
Top 6 DSPM Use Cases
With the advent of Generative AI (GenAI), data has become more dynamic. New data is generated faster than ever, transmitted to various systems, applications,...
View More
Colorado Privacy Act (CPA)
What is the Colorado Privacy Act? The CPA is a comprehensive privacy law signed on July 7, 2021. It established new standards for personal...
View More
Securiti for Copilot in SaaS
Accelerate Copilot Adoption Securely & Confidently Organizations are eager to adopt Microsoft 365 Copilot for increased productivity and efficiency. However, security concerns like data...
View More
Top 10 Considerations for Safely Using Unstructured Data with GenAI
A staggering 90% of an organization's data is unstructured. This data is rapidly being used to fuel GenAI applications like chatbots and AI search....
View More
Gencore AI: Building Safe, Enterprise-grade AI Systems in Minutes
As enterprises adopt generative AI, data and AI teams face numerous hurdles: securely connecting unstructured and structured data sources, maintaining proper controls and governance,...
View More
Navigating CPRA: Key Insights for Businesses
What is CPRA? The California Privacy Rights Act (CPRA) is California's state legislation aimed at protecting residents' digital privacy. It became effective on January...
View More
Navigating the Shift: Transitioning to PCI DSS v4.0
What is PCI DSS? PCI DSS (Payment Card Industry Data Security Standard) is a set of security standards to ensure safe processing, storage, and...
View More
Securing Data+AI : Playbook for Trust, Risk, and Security Management (TRiSM)
AI's growing security risks have 48% of global CISOs alarmed. Join this keynote to learn about a practical playbook for enabling AI Trust, Risk,...
AWS Startup Showcase Cybersecurity Governance With Generative AI View More
AWS Startup Showcase Cybersecurity Governance With Generative AI
Balancing Innovation and Governance with Generative AI Generative AI has the potential to disrupt all aspects of business, with powerful new capabilities. However, with...

Spotlight Talks

Spotlight 11:29
Not Hype — Dye & Durham’s Analytics Head Shows What AI at Work Really Looks Like
Not Hype — Dye & Durham’s Analytics Head Shows What AI at Work Really Looks Like
Watch Now View
Spotlight 11:18
Rewiring Real Estate Finance — How Walker & Dunlop Is Giving Its $135B Portfolio a Data-First Refresh
Watch Now View
Spotlight 13:38
Accelerating Miracles — How Sanofi is Embedding AI to Significantly Reduce Drug Development Timelines
Sanofi Thumbnail
Watch Now View
Spotlight 10:35
There’s Been a Material Shift in the Data Center of Gravity
Watch Now View
Spotlight 14:21
AI Governance Is Much More than Technology Risk Mitigation
AI Governance Is Much More than Technology Risk Mitigation
Watch Now View
Spotlight 12:!3
You Can’t Build Pipelines, Warehouses, or AI Platforms Without Business Knowledge
Watch Now View
Spotlight 47:42
Cybersecurity – Where Leaders are Buying, Building, and Partnering
Rehan Jalil
Watch Now View
Spotlight 27:29
Building Safe AI with Databricks and Gencore
Rehan Jalil
Watch Now View
Spotlight 46:02
Building Safe Enterprise AI: A Practical Roadmap
Watch Now View
Spotlight 13:32
Ensuring Solid Governance Is Like Squeezing Jello
Watch Now View
Latest
View More
Databricks AI Summit (DAIS) 2025 Wrap Up
5 New Developments in Databricks and How Securiti Customers Benefit Concerns over the risk of leaking sensitive data are currently the number one blocker...
Inside Echoleak View More
Inside Echoleak
How Indirect Prompt Injections Exploit the AI Layer and How to Secure Your Data What is Echoleak? Echoleak (CVE-2025-32711) is a vulnerability discovered in...
What Is Data Risk Assessment and How to Perform it? View More
What Is Data Risk Assessment and How to Perform it?
Get insights into what is a data risk assessment, its importance and how organizations can conduct data risk assessments.
What is AI Security Posture Management (AI-SPM)? View More
What is AI Security Posture Management (AI-SPM)?
AI SPM stands for AI Security Posture Management. It represents a comprehensive approach to ensure the security and integrity of AI systems throughout the...
Beyond DLP: Guide to Modern Data Protection with DSPM View More
Beyond DLP: Guide to Modern Data Protection with DSPM
Learn why traditional data security tools fall short in the cloud and AI era. Learn how DSPM helps secure sensitive data and ensure compliance.
Mastering Cookie Consent: Global Compliance & Customer Trust View More
Mastering Cookie Consent: Global Compliance & Customer Trust
Discover how to master cookie consent with strategies for global compliance and building customer trust while aligning with key data privacy regulations.
View More
Key Amendments to Saudi Arabia PDPL Implementing Regulations
Download the infographic to gain insights into the key amendments to the Saudi Arabia PDPL Implementing Regulations. Learn about proposed changes and key takeaways...
Understanding Data Regulations in Australia’s Telecom Sector View More
Understanding Data Regulations in Australia’s Telecom Sector
Gain insights into the key data regulations in Australia’s telecommunication sector. Learn how Securiti helps ensure swift compliance.
Gencore AI and Amazon Bedrock View More
Building Enterprise-Grade AI with Gencore AI and Amazon Bedrock
Learn how to build secure enterprise AI copilots with Amazon Bedrock models, protect AI interactions with LLM Firewalls, and apply OWASP Top 10 LLM...
DSPM Vendor Due Diligence View More
DSPM Vendor Due Diligence
DSPM’s Buyer Guide ebook is designed to help CISOs and their teams ask the right questions and consider the right capabilities when looking for...
What's
New