Financial Crime World

Gabon’s Financial Sector Embarks on Data Protection Journey

Introduction

In the midst of rapid digital transformation, Gabon’s financial sector has found itself at the forefront of adopting internet banking services. However, with the increasing threats of social engineering cyberattacks and intentional hacking, the need for robust network infrastructure has become a top priority for financial service providers in the country.

The Importance of Data Protection

As the financial industry handles sensitive data that is crucial to users, confidentiality, integrity, accessibility, and availability are essential attributes that must be ensured by all stakeholders. In this context, responsible data management represents a shared commitment among companies operating in the sector.

  • Confidentiality: Protecting user information from unauthorized access.
  • Integrity: Ensuring that data is accurate and not tampered with.
  • Accessibility: Providing users with secure and reliable access to their data.
  • Availability: Ensuring that data is available when needed, without disruptions.

Furukawa Electric’s Connectivity Solutions

To address the concerns of financial institutions, Furukawa Electric has introduced its Furukawa Connectivity Solutions portfolio. This comprehensive solution offers products and services designed to ensure the security of financial operations.

GigaLan Network Solution

  • Robust Communication Channel: Isolates external and internal interferences through shielding.
  • Environmentally Friendly Options: Prioritizes performance and sustainability.
  • Scalability: Adaptable for seamless implementation without disrupting financial activities.

Datawave Solution

  • Real-Time Monitoring: Facilitates real-time monitoring of the physical layer, allowing each network port to be managed remotely.
  • Adaptability and Scalability: Crucial in ensuring seamless implementation without disrupting financial activities.

Minimizing Maintenance Requirements

As the cost of infrastructure continues to rise, solutions must be designed to minimize maintenance requirements, thereby reducing operational expenses (OPEX) and minimizing the need for network interventions.