In today’s financial world, compliance with global regulations is a critical part of protecting your business, avoiding massive fines, and staying operationally resilient. From FINRA in the U.S. to GDPR in Europe to CPS 234 in Australia, each regulation demands stronger cybersecurity, better data protection, and more stringent oversight. But here’s the catch: Compliance isn’t just about avoiding penalties—it’s an opportunity to drive efficiency, save millions, and gain a competitive edge.
That’s where Styra comes in.
By automating policy enforcement and integrating security controls across your IT systems, Styra makes compliance easy. It’s not just about ticking boxes; Styra turns regulatory obligations into real, quantifiable business value. Here’s exactly how Styra solves key challenges for 10 of the most important global financial regulations—and why it’s crucial for your bank to take action.
1. Gramm-Leach-Bliley Act (GLBA) – United States
- Why It Matters: Protecting customer financial data isn’t optional. Non-compliance with GLBA can cost banks millions in penalties and permanently damage their reputations. Ensuring your data is secure builds trust and keeps you compliant.
- Styra Solution: Styra uses fine-grained, real-time access controls to safeguard sensitive financial data. By automating who has access to what, across all systems, Styra guarantees that only authorized personnel can touch critical information.
- Result: Prevent data breaches and save $29.85M annually by avoiding hefty fines and unauthorized access to sensitive customer data.
2. Cybersecurity Law – China
- Why It Matters: China’s strict cybersecurity regulations demand real-time monitoring and fast incident response. Delayed reporting or a breach can cost banks millions, both in penalties and in lost business. Securing your network is essential.
- Styra Solution: Styra’s automated security policy management ensures continuous monitoring of network access, immediately flagging and reporting any security incidents. This real-time monitoring helps you respond quickly and efficiently.
- Result: Automate your cybersecurity and save $10M annually by responding faster to threats and avoiding penalties for non-compliance.
3. Payment Services Directive 2 (PSD2) – European Union
- Why It Matters: The PSD2 regulation opens the door for third-party service providers, but with that comes increased security risks. Ensuring your APIs are secure is vital to protecting customer data and staying compliant.
- Styra Solution: Styra provides policy-based API security, ensuring that third-party access to your systems is tightly controlled. With real-time enforcement of access rules, Styra helps you meet PSD2’s strong customer authentication requirements.
- Result: Secure your APIs and save $13M annually by preventing unauthorized access and reducing third-party risks.
4. Sarbanes-Oxley Act (SOX) – United States
- Why It Matters: SOX is all about internal controls over financial reporting. The consequences of failing an audit are severe, and manual processes increase the risk of mistakes. You need a solution that automates these controls.
- Styra Solution: Styra integrates with your financial systems to automate internal control enforcement. Every action is monitored, logged, and secured, ensuring you’re always SOX-compliant without the manual effort.
- Result: Automate your internal controls and save $13.7M annually by cutting down on audit prep time and avoiding failed audits.
5. General Data Protection Regulation (GDPR) – European Union
- Why It Matters: GDPR sets the global standard for data privacy, and violations come with steep penalties—up to 4% of annual revenue. Protecting personal data isn’t just a regulatory requirement; it’s key to maintaining customer trust.
- Styra Solution: Styra’s automated data protection policies ensure that customer data is handled securely and in full compliance with GDPR. It also guarantees that personal data is only stored and processed in compliant locations.
- Result: Safeguard personal data and save $15M annually by avoiding GDPR fines and simplifying compliance with global data privacy laws.
6. Prudential Standard CPS 234 – Australia
- Why It Matters: CPS 234 requires Australian banks to ensure the resilience of their IT systems. Cybersecurity isn’t just a box to check; your ability to prevent and recover from incidents can make or break your operational continuity.
- Styra Solution: Styra delivers real-time monitoring and resilience testing, automatically ensuring that systems remain secure and resilient against emerging threats. Continuous testing keeps you one step ahead of potential failures.
- Result: Stay resilient and save $7M annually by avoiding downtime and reducing the cost of manual resilience testing.
7. Monetary Authority of Singapore (MAS) Technology Risk Management Guidelines
- Why It Matters: Banks in Singapore must manage not just their own security, but also the risks that come with third-party vendors. You can’t afford to let external partners become the weakest link in your security chain.
- Styra Solution: Styra enables continuous monitoring of third-party access controls. By ensuring vendors adhere to your security policies at all times, Styra reduces the risk of third-party-induced breaches.
- Result: Strengthen vendor management and save $13M annually by securing third-party access and preventing costly breaches.
8. Network and Information Systems (NIS) Directive – European Union
- Why It Matters: The NIS Directive demands heightened cybersecurity and rapid incident reporting for critical infrastructure providers like banks. Failing to respond quickly to security incidents can result in significant fines and operational disruptions.
- Styra Solution: Styra’s automated incident monitoring and response platform ensures that breaches are detected, logged, and mitigated in real-time. It helps you meet the NIS Directive’s strict reporting timelines with minimal manual intervention.
- Result: Automate incident response and save $10M annually by improving security response times and reducing disruptions.
9. Basel Committee on Banking Supervision (BCBS) Guidelines – Global
- Why It Matters: BCBS is all about managing operational risk in the financial system. Disruptions to critical financial systems can cause massive revenue losses and jeopardize compliance.
- Styra Solution: Styra provides real-time policy enforcement and monitoring for all financial systems, ensuring that you stay compliant with BCBS’s operational risk management guidelines. Every action is logged and secured, preventing unauthorized system access.
- Result: Manage operational risks effectively and save $20M annually by preventing financial disruptions and automating compliance.
10. Reserve Bank of India (RBI) Cybersecurity Framework
- Why It Matters: India’s financial sector faces growing cybersecurity threats, and RBI’s framework mandates strict security controls and incident response requirements. Securing your systems isn’t just a regulation—it’s essential to business continuity.
- Styra Solution: Styra automates the enforcement of strong authentication and authorization controls, ensuring that only authorized personnel can access critical systems. With real-time incident logging and reporting, Styra ensures full compliance with RBI’s cybersecurity framework.
- Result: Protect critical systems and save $15M annually by preventing breaches and improving compliance with India’s cybersecurity requirements.
Why This Matters Now: Maximizing ROI with Styra
Across these 10 key regulations, Styra isn’t just a compliance tool—it’s a business driver. With automated security policy enforcement, real-time monitoring, and reduced manual oversight, banks stand to save a combined $158.55M annually. And the best part? The return on investment is huge.
Secure Your Future
The financial world is changing fast, and regulatory pressure is mounting. But with Styra, you’re not just complying with regulations—you’re turning compliance into an opportunity to secure your systems, cut costs, and improve your bottom line. Don’t wait for the next regulation to force your hand. Take control with Styra today, save millions, and stay ahead of the curve.
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