In today’s financial services industry, the importance of securing sensitive data cannot be overstated. Box offers a powerful, comprehensive solution to help businesses secure, manage, and collaborate on financial data while maintaining compliance with regulatory requirements.
In this article, we’ll explore how Box can help financial service companies secure their content and meet strict industry regulations such as GDPR, PCI DSS, and FINRA.
1. Centralized Content Management with Enhanced Security 
Box simplifies how you store and manage sensitive financial data by providing a centralized cloud platform. With Box, you can securely organize, share, and access files from anywhere, on any device, without compromising security. This centralized approach ensures that your data is always up to date and can be easily tracked and monitored for any potential risks.
2. Zero-Trust Controls 
Box adopts a zero-trust security model, which assumes that threats can emerge both from within and outside your organization. This approach minimizes risk by verifying every request for access to data, regardless of the user’s location or device.
Key zero-trust controls that Box provides include:
3. Automated Data Classification with Box Shield 
One of the key challenges for financial service organizations is ensuring that sensitive data remains protected, even as it changes over time. Box Shield, an advanced security tool, automates the classification of new and historical files based on their sensitivity. Box Shield helps your organization maintain data privacy and security by categorizing files with specific security controls according to their classification level.
4. Streamlined Data Governance and Compliance
Financial services companies must adhere to strict industry regulations such as GDPR, PCI DSS, and FINRA, all of which impose rigorous requirements on how sensitive data is stored, accessed, and shared. Box streamlines data governance by providing the tools necessary to ensure compliance with these regulations.
5. Advanced Reporting 
Box’s reporting features give financial organizations the visibility they need to monitor how their data is accessed and used. This transparency is critical for ensuring that only authorized users are interacting with sensitive financial data.
6. Collaboration Without Compromising Security 
Box’s cloud platform allows secure collaboration, even when working with external partners. For financial services firms, collaboration can be a challenge when sensitive data needs to be shared securely with auditors, regulatory bodies, or clients.
Box provides several tools that allow you to collaborate without compromising security, including:
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Granular Access Permissions: You can specify exactly who can view, comment on, or edit a document. This ensures that only authorized individuals can make changes to sensitive files.
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Secure File Sharing: Box allows for secure sharing links with expiration dates and passwords, preventing unauthorized access to sensitive documents.
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Secure Collaboration: Teams can collaborate on financial reports and documents without the risk of exposing information to unauthorized parties.
Adopting Box is not just about securing data; it’s about ensuring peace of mind for both our customers and your organization.
Let us know if you have any concerns or inquiries. Feel free to share your insights on how you protect your content within Box. 
