As previously reported , the idea behind Shield Docs is to combine secure file-sharing and collaboration, a virtual data room, document management and data protection.
The newly released version 6 of Shield Docs delivers three major enhancements:
The use of Thales' Vormetric encryption technology for encryption at rest with provision for customers to manage their own keys.
Integration with leading identity access management products including Azure AD, Okta and G Suite.
Support for FIDO2 authentication.
"Throughout their history, banks have relied heavily upon perimeter-based security measures to maintain, protect and control sensitive customer information. As financial institutions engage with emerging technologies and concepts such as open banking, the effectiveness of these traditional approaches to security can become significantly compromised." said Shield Docs CEO Michael Khoury.
"Our financial industry clients have told us they want to manage their own encryption keys and our encryption at rest and key management functionality ensures that no-one, but the Key Holder has access, including Shield Docs. We have introduced many significant and game-changing elements in our latest version of Shield Docs which will ensure customers have full control and complete real-time visibility over their data."