Data Classification Solution Brief for FINMA Compliance

This document is a solution brief that outlines Fortra's Data Classification Suite (DCS) and its role in supporting compliance with the Swiss Financial Market Supervisory Authority (FINMA) principles. The DCS aims to help organizations protect sensitive information and client identifying data (CID) by ensuring proper classification and handling throughout the organization. The brief details the functionality of DCS, including its open policy engine that utilizes machine learning for data identification and classification. It emphasizes the importance of discovering and classifying information accurately to enforce security measures effectively. The document describes how DCS integrates with existing security systems, such as data loss protection and encryption, to enhance data security. Additionally, it covers the principles of governance, client identifying data management, and the importance of continuous monitoring and training of employees to maintain compliance. The DCS also facilitates the management of data access and classification throughout its lifecycle, ensuring that sensitive information is adequately protected.