For financial institutions, maintaining a secure environment is not optional. They hold important information such as bank account numbers and balances, social security numbers, and PIN numbers. A security breach can be extremely detrimental for not only the consumer but also the institution. According to a recent study from IBM, the average consolidated total cost of a data breach is $4 million.
To help control risk and loss from a data breach, Convergint can implement Quantum Secure’s SAFE for Finance solution, which is a security management system tailored to the specific standards, process, and challenges that a financial institution faces. This technology allows financial institutions to manage the entire life cycle of physical identities and processes, including hires & terminations, physical access management, and reviews, while providing an environment that is completely audit-ready. SAFE for Finance minimizes risks and contributes directly to the bottom line by reducing operating costs through automation.