Fraud Detection Solution with BYOK Data Protection

This document is a technical report detailing a fraud detection solution designed for financial services customers, emphasizing the Bring Your Own Key (BYOK) data protection feature. The report outlines the vendor's approach to integrating fraud prevention measures that allow clients, including major banks and fintechs, to manage their sensitive data securely. It explains how the solution leverages Amazon Web Services (AWS) for hosting customer databases and employs Baffle Data Protection to encrypt data in real-time as it is transferred to the vendor's infrastructure. The document describes the no-code encryption capabilities that enable clients to maintain control over their encryption keys, thereby meeting global privacy and compliance requirements. Additionally, the report highlights the advantages of using Baffle Data Protection, such as granular control over data encryption, reduced exposure of sensitive information, secure data transfer, and enhanced application-specific key management. Overall, the report presents a comprehensive view of how the solution addresses the needs of financial institutions in managing fraud risk while ensuring data security.