Financial Services

Complete Financial Data Protection

Financial services companies generate and accumulate a significant volume of unstructured data. The challenge of protecting and managing this data is a growing risk.

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Maintain your customers’ trust and your reputation

Financial services companies are more vulnerable to cybercrime due to the nature of their business. This can place your organization at risk of data loss, costly ransomware attacks, and non-compliance fines from regulators.

70%

of financial services firms reported a cyberattack in the past 12 months

5.85M

The average cost of a ransomware attack on a financial services company

141%

increase in regulator fines experienced by financial firms

“We are excited to collaborate with Myota to enable businesses to fortify their cloud and data security profile against a growing range of threats. Myota’s novel approach to information security is well aligned with the 436 Research mission of designing and delivering secure, cost-effective, high-performance information security solutions for our customers”.

Ed Ferrara | Managing Partner of 436 Research

“We envisioned and designed Myota to be an intuitive and transparent experience for end users. At Myota, we strive to make end users feel empowered and motivated to contribute to a higher level of information protection.”

Jaeyoon Chung | Co-Founder, Myota

“Myota is designed to help companies achieve the security, resilience, control and visibility needed to keep pace with the growth of unstructured data. By doing so, Myota protects business productivity at the enterprise level”.

Stephen Wray | CEO, Myota

Why financial services companies trust Myota to protect their data

Myota simplifies financial data protection security so your company can withstand ransomware attacks, ensure business continuity and achieve compliance while eliminating data security silos.

Make financial data resistant to ransomware attacks

Ransomware attacks are inevitable. Your organization’s best defense is to neutralize them by rendering your financial data useless to attackers. Myota empowers your organization to go beyond traditional, network-based perimeters to protect financial data by applying the principles of Zero Trust security. Myota's micro-segmentation technology prevents cybercriminals from using or exposing your data.

Restore operations immediately

A single data breach can impact your organization for weeks or months, leading to a loss of business and reputational damage. Myota makes it easy to restore previous versions of files following a ransomware attack or another disruptive event. The platform is compatible with immutable storage configurations, enabling you to continue operations without downtime.

Comply with financial data regulations

Your financial services company has to comply with a growing list of regulations related to data security, controls, and privacy. Myota helps you achieve compliance without adding complexity. Administrators can leverage Myota to configure controls across several parameters.

Eliminate data security silos

Many organizations use a combination of solutions for financial data protection, including network access controls, multi-factor authentication, monitoring, data backup, redundancy and data encryption. Myota combines multiple elements of advanced data protection into a single platform you can apply to any on-premise storage repository or cloud storage vendor.

Myota’s Converged
Data Security Platform

Protects unstructured data with end-to-end encryption

Myota encrypts and disperses each file to ensure continuous data protection and privacy in the event of an attack or compromise.

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Transforms files into protected shards that are unusable against an attack

Myota’s unique micro-segmentation method ensures that there is no single point of failure while assuring protection from ransomware and brute force attacks.

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Spreads data to different repositories to protect against exfiltration

Dispersion of the encrypted data shards occurs through two distinct algorithms. Myota’s methodology ensures Zero Trust protection from both external and internal threats.
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Enables real-time data recovery in the event of an attack

Myota's data resilience enables file and storage restoration with minimal IT support.

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Our Finance Clients Trust Myota to Keep Them Protected

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