Baffle, Inc. introduced that Saxo Financial institution is deploying Baffle Information Safety Providers to guard delicate buyer knowledge, guarantee compliance with stringent laws, and assist the financial institution’s migration to a extremely scalable cloud and microservices structure.
With the specter of breaches and the potential for vital non-compliance fines, Saxo Financial institution should make sure the excessive quantity of information underneath administration is on the market on demand to its inner and exterior stakeholders, and safe.
As a primary step, Paul Makkar, Saxo’s director of information, and his staff adopted an ‘event-driven’ operations method powered by Confluent Kafka on Microsoft Azure and AWS cloud platforms. Together with that, Makkar wanted to implement a brand new knowledge mesh structure. Information encryption was tedious and troublesome to handle prior to now, particularly contemplating that the financial institution has many alternative authorized entities worldwide, every with distinctive privateness necessities.
A Information Mesh is Born
In choosing the Baffle Information Safety Providers platform, Saxo Financial institution now runs a data-centric safety platform that features the next:
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• Safety for every of its 25 knowledge domains, utilizing a centralized and standardized encryption service.
• A record-level knowledge mesh to securely publish and devour knowledge by way of Kafka knowledge streams.
• Format-preserving encryption (FPE) capabilities to keep away from breaking any purposes that have been unauthorized customers of the Kafka knowledge streams.
• A number of knowledge encryption keys to create the suitable segregation and fine-grained authorization.
“With Baffle, we may efficiently collaborate and affect the short-term and long-term roadmap,” mentioned Makkar. “Baffle enabled us to securely rework to a contemporary event-driven cloud knowledge mesh. For the primary time, we may use a number of encryption keys seamlessly and supply our inner purposes a simplified, centralized approach to de-identify delicate knowledge.”
“Saxo Financial institution units the bar for adopting a extra proactive method to data-centric safety. Because the financial institution continues to modernize its structure, it isn’t solely defending knowledge at relaxation but additionally because it strikes within the cloud and is shared throughout the complete analytics pipeline,” mentioned Ameesh Divatia, co-founder and CEO of Baffle. “Privateness by design emerged as a key tenet of this new structure, making certain safety and privateness is baked in from the beginning. Paul and his staff illustrate how organizations needs to be contemplating their inner safety posture and methods by which they can assist their very own finish customers differentiate with their buyer base.”