Solution Sheets: CTERA Solution Sheet for Financial Services
Unified File Collaboration and Data Protection Solutions to Power Digital Transformation Initiatives.
Financial Services
Mitigate Risks and
Optimize TCO
CTERA’s hybrid cloud data platform helps firms boost employee productivity, reduce total cost of ownership (TCO), and mitigate data security and privacy risks.
CTERA Helps Financial Services Providers Address Data Privacy Concerns
Streamline Compliance
CTERA’s platform significantly streamlines adherence to controls like SOX, GDPR, FINRA and more for availability, confidentiality, and integrity through its robust file encryption, offsite replication and secure data disposal. Moreover, the platform offers Write Once, Read Many (WORM) capabilities that safeguard data from being erased or modified based on a configurable retention policy.
Safeguard PII Against Ransomware
CTERA employs AI-based ransomware detection and robust instant rollback features. Air-gapped, immutable snapshots, provide dependable protection against natural disasters and cyber threats, while honeypots deploy decoys to detect, analyze, and understand attackers’ methodologies, serving as an early warning system against potential threats.
Access Files from Any Location
CTERA provides secure, real-time access to financial data to authorized persons, regardless of location. It effectively eliminates the risks associated with sending files over email or FTP and supports the efficient transfer of large volumes of data across facilities or to external partners. A global file system facilitates timely decision-making, ultimately improving customer outcomes.
Scale as Data Grows
By leveraging object storage, CTERA reduces storage costs by up to 80% and provides immediate scalability as data requirements increase, minimizing the need for local IT personnel.
Features Made for Financial Services
- Global File System
Serves as a comprehensive data lake for unstructured data. It offers a single pane of glass management and visibility across distributed sites and cloud providers. - CTERA Vault
Replace outdated file servers and NAS devices with a centrally governed, cache-enabled cloud gateway. This enables more effective management of unstructured data growth while maintaining full compatibility with existing SMB and NFS protocol clients. - CTERA Edge Filers
Replaces legacy file servers with a centrallymanaged, caching-enabled edge solution. This allows better handling of unstructured data growth and enables manufacturers to efficiently manage data generated at edge locations.
- CTERA Drive
CTERA’s applications for Windows, Mac, iOS, and Android offer secure and expedited file synchronization and sharing for users’ devices, regardless of their location, enabling financial services professionals to securely access and share protected files. - CTERA Ransom Protect
Integrated into CTERA Edge Filer and is easily activated with a single click for streamlined deployment. It employs advanced machine learning algorithms to identify and block suspicious file activities swiftly, while administrators can monitor attacks in the incident management dashboard in real-time. Data exfiltration prevention strategically deploys decoys to identify and stop unauthorized access or attempts at data theft. - CTERA Portal
Enables centralized management of petabyte-scale global file services across numerous distributed sites and users. The portal supports deployment on public, private, or hybrid cloud infrastructures, enhancing cost efficiency while facilitating regulatory compliance. Its secure multi-tenant environment allows data segregation at the department level, safeguarding financial data.
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FAQ
How does CTERA implement disaster recovery and ensure data continuity for financial services?
We employ a multi-tier disaster recovery architecture with continuous data replication, point-in-time recovery, and geographically distributed cloud storage clusters. This ensures zero RPO (Recovery Point Objective) for critical financial data, offering instant failover and failback, automated snapshot retention policies, and granular recovery options to mitigate data loss during catastrophic events.
How does CTERA enable compliance with complex, multi-jurisdictional data residency requirements in financial services?
Our platform offers customizable policies that control where data is stored, accessed, and replicated across regions. By leveraging geo-fencing, regional encryption key management, and local regulatory compliance engines, CTERA ensures adherence to jurisdictional mandates such as GDPR, CCPA, PCI DSS, and specific financial regulations across multiple regions simultaneously.
What mechanisms does CTERA provide for secure, high-performance file sharing across global financial institutions?
Our security protocols include FIPS 140-2 validated encryption, end-to-end SSL/TLS tunneling, and IP whitelisting with role-based access controls (RBAC) and granular permission settings. Additionally, its distributed cloud file system leverages edge caching to maintain performance, ensuring that cross-branch file sharing occurs without latency degradation or bandwidth bottlenecks, while maintaining audit trails and activity logging for compliance.
How does CTERA protect against insider threats in financial environments?
We use machine learning algorithms and behavioral analytics to track and baseline user and system behavior across the storage environment. Any deviation from normal activity triggers real-time alerts, while the platform integrates with AI-driven security platforms (like UEBA and SIEM systems) to detect and respond to insider threats, unauthorized data exfiltration attempts, or anomalous access patterns indicative of breaches or fraud.
Does CTERA support real-time integration with SIEM platforms?
Yes, we do. We offer out-of-the-box integration with leading SIEM platforms like Splunk, IBM QRadar, and Microsoft Sentinel for real-time log forwarding and event correlation for detailed monitoring of file access, permission changes, and potential data breaches. We also support Syslog for customizable event triggers, allowing financial institutions to automate responses to security incidents based on predefined risk thresholds and actionable insights from comprehensive security dashboards.
Secure Data for a More Secure Financial Future
Partner with CTERA and reap the benefits of a strictly secure and compliant file storage solution.