BDC is increasingly facing security, compliance, and privacy challenges in managing its private and public data regardless of Cloud, Hybrid or On-Premise’s environments. Like many organizations, we will be increasingly turning to encryption to protect sensitive data, and to get the key management right.
While cloud service providers bring agility and significant cost savings, the responsibility to ensure data security remains a critical business responsibility. The issues of potential data theft, penalties for non-compliance with standards and regulations, and the impact of such an incident on brand image are magnified for financial institutions such as BDC. The ability to secure and control data allows them to take advantage of the benefits of the Cloud, Hybrid and On-Premises, while ensuring legal compliance and controlling risk mitigation. Therefore, BDC is soliciting bids for a Secure Key Management System (“KMS”).
Questions and proposals from bidders should be submitted via Merx.
