A Holistic View: Internal MFT in the Financial Services Industry

John Wilson, Director of Solution Enablement – FSI, Axway

“When you think of setting up an SLA, and that causes you to cringe, that’s going to be a good indication that there’s areas for improvement. If you still have the memory of looking through all those audit logs for that lost file or trying to back out a duplicate file that was loaded…(if) those are still fresh in your mind, then these also may be good indicators as well. It’s a super competitive market. Any black mark to your reputation can cause devastation. Causes undue expenses, lost revenue, and even loss of customers.”

The Infrastructure Does Not Understand the Data Itself

Taher Elgamal, CSO, Axway

“All companies today get to deal with information that somebody else owns, and that’s a very interesting thing. If I’m processing the information on behalf of someone, that  information can have a lot of confidential…things, can have a lot of privacy issues for individuals, and so on and so forth. It turns out that it’s really, really difficult to understand data as a piece of the infrastructure. You have to do a lot of work. Effectively, a lot of the data leakage protection products actually ended up doing that.  …if you try to fast forward several years from now, I think these technologies will end up being part of an audit, not part of the operational management of the network or the security of the network or the security of the applications or any of that. And I think that at some point the applications that manage data will end up taking a lot of the interesting technologies that you can use to understand what the data is about, understand what to do with the data, understand how to impose policies and enforce things and understand who’s allowed to do what with the data versus who’s not.”

The System Administrator Paradox

Taher Elgamal, Chief Security Officer, Axway

With Blinders On: A Commentary on the TechDirt.com Article “Total Number Of Personal Data Records Leaked Since 2005: At Least 358.4 Million”

Taher Elgamal, CTO, Axway

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