Without data, you're just another person with an opinion.
—W. Edwards Deming, Data scientist »
What’s needed is for organizations to be able to bring customer data from all internal and external sources together into a single source of truth.
It is essential that banks migrate to cloud if they are not doing so currently. The alternative is that the problems of in-house infrastructure will grow to the point of threatening to sink the ship.
When data protection is prioritized and done well, it provides more disciplined operations, increased customer and stakeholder trust, and minimized risk.
Modern data collection needs to comprehensively collect data from every layer of the hardware and software ecosystem that supports an interaction or a transaction.
While small and mid-size businesses are not necessarily at any higher risk of attack than larger enterprises, the concern lies in the availability of resources as well as employee education.
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