March 30, 2020

5 Ways SolveXia Provides Bank-Grade Data Protection

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When it comes to managing big data, one of the biggest concerns is security. Whether you are a big or small organisation, protecting your data and customer’s information is a non-negotiable requirement. From both the standpoint of government regulations and compliance with product security, SolveXia makes security a priority. 

That’s why our clients range from those in travel to financial institutions and insurance to the government. Our trusted solution provides data automation that is always private and continuously updated for security measures. 

Here’s how our data protection works. 

5 Ways SolveXia Protects Data 

1. Information Security Management System (ISMS)

Entrusting your data with a software solution means that you are inherently taking a risk. But, SolveXia minimises this risk by following the industry security standards of ISO/IEC.  

SolveXia implements best practice recommendations from industry security standards for its information security management systems. This is important because it means that we take serious measures to ensure that your business’ data is always secure.

Why Is This Important? 

An ISM is a collection of policies, standards and best practices designed to protect the confidentiality, availability and integrity of our customer’s data from threats and vulnerabilities.

How It Works 

SolveXia’s ISMS follows ISO/IEC best practices, covering areas such as our security policies, management of information assets, physical and environmental security, access controls and other key security functions. 

What This Means for You

First, by following industry standards, SolveXia ensures your data is protected using modern, tried and tested approaches. Second, our ISM is documented and can be readily shared with your IT department.

2. Continuous Learning and Security Benchmarks

The OWASP, or Open Web Application Security Project, is a nonprofit organisation that is dedicated to the security of software. 

As an unbiased third party, OWASP serves as a benchmark for security providers to stay up-to-date with expectations. As such, SolveXia prioritises staying up to date with the current OWASP standards. That’s why we regularly improve our protective layers.

Why Is This Important? 

The security landscape is always evolving. It is therefore critical that the vendors entrusted with protecting your data are aware of and adapt to new threats and vulnerabilities. 

How It Works

SolveXia uses OWASP as an unbiased benchmark for the currency of security knowledge. By monitoring and acting according to information published on OWASP, SolveXia can ensure that new and potentially harmful requests are being readily addressed.

What This Means to You 

This means that the security around your data does not stagnate. It is continuously evolving and adapting to meet the ever-changing security environment.

3. Secure-By-Design

SolveXia follows security best-practices across each level of the software development lifecycle. SolveXia is secure by design. Our development team is trained and measured on security as part of their design and implementation of the software. 

 Why Is This Important?

If you rely on software to help you produce reports that run your business, you need to be sure that the software is secure, preserving the integrity and continuity of your data. It can be easy to ignore security and focus entirely on product features; however, this is a flawed and dangerous approach. The perfect tool balances functionality with the protection of your data.

How It Works 

Every feature that you use in SolveXia has been designed in a way to ensure the security, integrity and continuity of your data. We take a secure by design approach. 

What This Means for You 

Our approach to security is uncompromising. This gives our customers the confidence that they can automate, use innovative and leading-edge technology while also keeping their data safe. 

4. External Opinion and Third-Party Verification

To remain objective, SolveXia performs external security audits with respected firms to verify our security practices are robust and prudent.

 Why Is This Important?

While we invest significant resources into the security of your data, we must leverage the expertise of industry-leading security firms to provide an accurate, and unbiased, acid test for our security procedures and protocols.

How It Works

SolveXia engages third-party security specialists to review and audit our security and perform penetration testing. A signed-letter of this review is made available through our website.

What This Means for You 

Beyond only take our word for it, we provide evidence from trusted third-parties with expertise in security that SolveXia is indeed secure. No one refuses an extra confidence boost! 

5. In-App Security Features

For organisation administrators, SolveXia provides an additional set of tools to harden the security posture of their SolveXia application set up. We provide such features as Single Sign-On, Audit Trail, Network Restrictions, and so forth.

 Why Is This Important? 

While we continue to do the utmost to ensure the protection and security of our customer’s data, we also provide robust tools and features for organisations to administer their SolveXia environments. 

How It Works

This includes having the option to integrate to your Single-Sign-On identity provider (eliminating the need for users to have a separate set of passwords to use SolveXia) as well as the ability to share and manage access to all processes and data across the application. 

What This Means For You

Our in-app security features allow administrators to configure SolveXia to comply with their organisation’s security requirements (such as the need to use the existing SSO Identity Provider).

The Bottom Line 

In the first half of 2019, 4.1 billion records were exposed due to data breaches, and the average cost of a data breach was nearly $4 million. The need for secure data is ever increasing. As such, any business looking to implement new technology, mainly when it includes data automation, must have confidence that the information will remain secure. 

SolveXia is the chosen solution across industries because of the security measures mentioned above. From internal regulators, government standards and third-party vendors, SolveXia takes a full-fledged approach to maintain and continue to improve our security.  If you are interested in learning more about SolveXia’s solutions or specific security standards, please get in touch with our team. 

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