Security Concerns in Outsourcing: Why use Seclore InfoSource?

MUMBAI, India, December 17 /PRNewswire/ — The outsourcing industry has,
in recent times, been full of reports highlighting concerns about security of
information shared with vendors during outsourcing. Though the events have
been related to global companies the reports are mostly from outsourcing hubs
like India. Earlier this year, two undercover BBC reporters exposed a New
Delhi-based fraudster involved in data theft. They captured him, on tape,
selling confidential credit and debit card details of British customers for
$10 apiece! Another high profile case this year was the arrest of the
director of a BPO unit data theft based in Pune. UK-based Scanning and Data
Solution had tied-up with the BPO for the processing of medical records of
patients. Computerisation of thousands of medical data is outsourced to India
each year and with sensitive data reportedly available for as little as $4
each, the possible scenarios are grim.

Lack of stringent provisions for data security at the BPOs leaves the
task of data protection in the hands of the enterprise itself. No mean task
considering the huge volume. So how does an enterprise protect its business,
its customers and its reputation while still enjoying the benefits of
outsourcing?

One such case is of HDFC Bank, one of Asia’s largest banks with more than
1,500 branches spread Asia and Africa. Owing to its large scale of
operations, HDFC Bank depends on many outsourcing partners and frequently
sends confidential information to its partners for processing.

HDFC Bank’s requirement was to enable business partners to process the
data without being able to misuse it. The solution? Seclore InfoSource – an
“end to end encryption” solution for outsourcing operations, to secure
information shared with business partners.

HDFC is able to send its data in an encrypted form and configure it for
specific uses. It can restrict the number of computers it may be accessed on,
number of users who may access it, number of times it may be used and many
other parameters. For example, HDFC may configure the information it sends to
agencies for bill printing by limiting it to be used and printed only once
and configuring it to self-destruct after two days. Thus, precise usage
parameters will control the data even after it leaves the enterprise.

Easy and smooth to integrate in existing business processes and involving
minimum changes in infrastructure and can also significantly bring down
compliance costs.

Hear it from Vishal Salvi, Chief Information officer of HDFC Bank giving
an insight on this through Seclore blog: -

http://blog.seclore.com/2009/12/hdfc-on-seclore-infosource.html

About Seclore

Seclore is a high growth software product company promoted by IIT Bombay.
Seclore’s products FileSecure and InfoSource help mitigate the risk arising
out of information breaches and regulatory non-compliance whilst enhancing
collaboration. This is done by providing ubiquitous technology for
information control within and outside of the enterprise which seamlessly
works with existing infrastructure, is easy to deploy & use and comes with
pay-as-you-use pricing. Seclore’s clients include Panasonic, Thyssenkrupp,
Allianz, Larsen & Toubro, ICICI Bank & HDFC.

    For further information kindly contact:

    Ms. Ritu Pande
    Head - Corporate Communication
    Seclore Technology
    +91-22-40155252
    ritu.pande@seclore.com

http://www.seclore.com

SOURCE Seclore Technology Pvt. Ltd.