Data loss prevention (DLP) remains a critical priority for financial services firms, as evolving regulations, insider threats, and the risks associated with AI adoption continue to challenge cybersecurity strategies. On February 25, 2025, Abacus Group hosted an insightful webinar, Protecting Financial Services: Best Practices for Data Loss Prevention, where industry experts shared their perspectives on the evolving DLP landscape, practical implementation strategies, and key considerations for compliance.
If you missed the live discussion, here’s a recap of what we covered.Our panel of experts—Travis DeForge, Director of Offensive Cybersecurity, Mick Grayson, Manager of GRC, and Dave Florey, Director of Professional Services—joined moderator Tom Cole, Managing Director of EMEA, to discuss how DLP protects financial firms from unauthorized data access, accidental leaks, and regulatory risks.
During the session, speakers highlighted the growing challenge of securing sensitive financial and client data, particularly as cybercriminals become more sophisticated. Attendees gained insights into common data exfiltration tactics, such as unauthorized email forwarding, cloud storage misuse, and double extortion ransomware attacks.
One of the key takeaways from the discussion was that DLP is not a one-size-fits-all solution. Financial firms must align their DLP strategy with their unique risk profile, regulatory requirements, and business workflows.
Practical recommendations included:
As AI-powered tools like Microsoft Copilot and ChatGPT become more widely used, firms are grappling with new risks related to data security. The discussion emphasized the importance of managing AI access controls, as overly permissive settings could lead to unintended data exposure.
Key mitigation strategies include:
With regulators such as the SEC placing a heightened focus on DLP controls, compliance remains a key driver for implementing robust data security measures. Our panelists explored how firms can align their DLP strategies with evolving regulatory expectations, including:
One of the most common concerns around DLP is the potential for disruption. The session concluded with practical guidance on how to balance security with business efficiency.
Best practices for seamless implementation included:
Data security is an ongoing journey, and implementing an effective DLP strategy requires continuous assessment and adaptation. If you weren’t able to attend the live session, you can access the webinar recording to explore these topics in greater detail.
For more insights on cybersecurity and data protection, contact us today
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