Adlumin Launches Seamless Turnkey Data Retention Service for Financial Institutions
Snapshot 365 simplifies and automates PCI-DSS-required data storage.
ARLINGTON, VA. (PRWEB) NOVEMBER 01, 2018
Adlumin has launched an automated service called Snapshot 365 that allows financial institutions to instantaneously comply with data storage requirements. Snapshot 365 answers the need of financial institutios to store their firewall, security, and IT log data for the full 12 months, to comply with PCI-DSS requirements as well as FDIC and NCUA regulations.
Financial institutions face an increasingly alarming security environment in which hackers are breaching consumer data, ransomware attacks, and horror stories abound of data theft by disgruntled or terminated employees.
“Given that the average dwell time for the detection of threats is in excess of 200 days, Snapshot 365 provides a truly revolutionary addition to Financial Sector security and SIEM solution’s” said Adlumin Co-Founder and CEO Robert Johnston. “Snapshot 365 is more than an answer to regulatory requirements, it is a vital piece of a financial institution’s data security arsenal.”
Snapshot 365 gives customers access to three months of “hot” searchable encrypted data and nine months of “warm” encrypted data, all analyzed using Adlumin’s serverless artificial intelligence architecture. Snapshot 365 safely and securely stores data to ensure it is available to the bank or credit union at a moment’s notice.
Snapshot 365 uses a combination of hot and warm storage to lower the overall cost of the service. Typically, institutions can purge the data after a successful audit report is completed, then rely on the audit report to address any compliance questions that arise. In an audit, this kind of consistency can be the difference between passing and failing.
“A lot of banks and credit unions view data storage as a complicated task that they often avoid doing it, despite the regulatory requirements,” said Johnston. “That puts them at extreme risk of fines — or worse — should a breach occur. Snapshot 365 inexpensively automates the data storage process. You turn it on and it just works. No more risk, no more worry, no more hassle.”