Leading Bank Boosts Compliance with PK Encrypt
How a Leading Financial Institution Leveraged PK Encrypt for Compliance and Efficiency
Background
This financial institution operates more than 1,100 branches and 2,400 ATMs spanning 11 states. With a workforce of approximately 20,000 employees, the company provides a comprehensive array of financial services, including personal and business banking, wealth management, and investment services. The bank’s extensive network and diverse service offerings position it as a key player in the regional financial sector.
The Use Case
Our client, a long-time PKWARE user, initially employed the software primarily for compression purposes. Recently, they’ve expanded their usage to include encryption, leveraging PK Encrypt in both batch processing and interactive environments through custom REXX scripts. Their workflow now encompasses decrypting PGP files within TSO, as well as encrypting and decrypting data on-demand using PK Encrypt. This approach allows for secure data handling, transmitting encrypted data rather than sensitive information in clear text.
Why PKWARE
The decision to adopt PK Encrypt was driven by several factors:
- Existing familiarity with PKWARE products
- Seamless integration with current processes and IBM’s System Authorization Facility (SAF)
- No need for additional tool setup or complex implementations
- Ability to leverage existing batch jobs that performed unzip operations
The ease of incorporating PK Encrypt into their established workflows allowed for a smooth transition and immediate productivity gains.
PKWARE’s Solution
Key advantages of PK Encrypt include:
- Versatility in both batch and interactive modes
- On-the-fly encryption capabilities
- Secure encrypted data exchange instead of transmitting clear data
- Time-saving features that streamline processes
The flexibility of PK Encrypt has significantly enhanced the client’s data security posture while maintaining operational efficiency.
Results
The implementation of PK Encrypt has yielded substantial benefits:
- Compliance with regulatory requirements
- Adherence to PCI standards
- Enhanced overall data security posture
- Improved efficiency in secure data handling processes
By leveraging PK Encrypt, the client has successfully bolstered their security infrastructure while meeting crucial industry standards and regulations.
