Enterprise Video Security Needs for Financial Services

In our previous blog, Enterprise Video for Finance, we went over the need for security, specifically how a secure infrastructure is critical for the overall adoption of video in the Finance space.  To take things a few steps deeper, let us go over use cases and how there should be a holistic approach to video throughout the organization.

We know that biggest names in the Finance industry understand
that they need a platform that stores video content with the highest levels of security.  These Fortune 2000 corporations achieved success by grasping that the number one thing that they need to establish is trust.  When a company is responsible for billions of dollars and much of it being sensitive
in nature, tight security controls need to be in place throughout every part of the organization.

Use Cases

Credit card companies, investment companies, mortgage lending institutions, and banks service millions of customers worldwide and deliver live video throughout the year.  The most common forms of video in the Finance sector include:

All Hands Meetings Held by Executives.  These internal town halls are designed to educate employees and partners about last year’s results, tomorrow’s goals, corporate updates, organizational changes and policy news.  This sensitive content is broadcasted live where all employees can learn what is happening in real time. 
Communication with Customers.  Because the Finance industry is based on trust, these companies now communicate with customers.  The topics can range from stock purchase advice, economic trends, market analysis.  These videos are stored and can be re-purposed for other customers.
Training.  The Finance sector must ensure that employees are compliant with regulations and the legal aspects of handling money and accounts.  Training departments, therefore, create live and on demand video when employees start.  They also have training videos for on-going certifications and knowledge. 

Due to the sensitive nature of the above use cases, an enterprise secure platform is mandated.  The video content should not be stored in places that are not secure since a security breach is a risk for the entire company.  Layers of security including user authentication and encryption are critical.  Additionally, having a platform that meets strict government standards is important. 

Digital Footprint in Multiple Places

Because video content leaves a digital footprint throughout multiple systems, it is important to have security policies throughout every stage.  Finance companies should pay attention to where content is managed; who is working on the video; where the videos are being distributed and where there could be risks for a security breach. 

Video content can be stolen in many ways:  The backend infrastructure can be hacked into; illegal capturing of live video from a consumer device can occur and storage locations can be breached.  A multi-layered approach, therefore, needs to be put into place. 

The above diagram outlines many of the ways that videos can be vulnerable.  With more employees throughout your organization creating video, time is of the essence to leverage a secure enterprise video platform so that your financial institution can continue to succeed and thrive in the years to come.  It is critical to not have a weak entrance point for theft.  The hackers are only getting stronger; make sure that your video strategy combats them so that you and your company do not make negative headline news.