Security Concerns in Outsourcing: Why use Seclore InfoSource?

MUMBAI, India, December 17 - The outsourcing industry has, in recent times, been full of
reports highlighting concerns about security of information shared with
vendors during outsourcing. Though the events have been related to global
companies the reports are mostly from outsourcing hubs like India. Earlier
this year, two undercover BBC reporters exposed a New Delhi-based fraudster
involved in data theft. They captured him, on tape, selling confidential
credit and debit card details of British customers for $10 apiece! Another
high profile case this year was the arrest of the director of a BPO unit data
theft based in Pune. UK-based Scanning and Data Solution had tied-up with the
BPO for the processing of medical records of patients. Computerisation of
thousands of medical data is outsourced to India each year and with sensitive
data reportedly available for as little as $4 each, the possible scenarios
are grim.

Lack of stringent provisions for data security at the BPOs
leaves the task of data protection in the hands of the enterprise itself. No
mean task considering the huge volume. So how does an enterprise protect its
business, its customers and its reputation while still enjoying the benefits
of outsourcing?

One such case is of HDFC Bank, one of Asia's largest banks
with more than 1,500 branches spread Asia and Africa. Owing to its large
scale of operations, HDFC Bank depends on many outsourcing partners and
frequently sends confidential information to its partners for processing.

HDFC Bank's requirement was to enable business partners to
process the data without being able to misuse it. The solution? Seclore
InfoSource - an "end to end encryption" solution for outsourcing operations,
to secure information shared with business partners.

HDFC is able to send its data in an encrypted form and
configure it for specific uses. It can restrict the number of computers it
may be accessed on, number of users who may access it, number of times it may
be used and many other parameters. For example, HDFC may configure the
information it sends to agencies for bill printing by limiting it to be used
and printed only once and configuring it to self-destruct after two days.
Thus, precise usage parameters will control the data even after it leaves the
enterprise.

Easy and smooth to integrate in existing business processes
and involving minimum changes in infrastructure and can also significantly
bring down compliance costs.

Hear it from Vishal Salvi, Chief Information officer of HDFC
Bank giving an insight on this through Seclore blog: -

blog.seclore.com/2009/12/hdfc-on-seclore-infosource.html

About Seclore

Seclore is a high growth software product company promoted by
IIT Bombay. Seclore's products FileSecure and InfoSource help mitigate the
risk arising out of information breaches and regulatory non-compliance whilst
enhancing collaboration. This is done by providing ubiquitous technology for
information control within and outside of the enterprise which seamlessly
works with existing infrastructure, is easy to deploy & use and comes with
pay-as-you-use pricing. Seclore's clients include Panasonic, Thyssenkrupp,
Allianz, Larsen & Toubro, ICICI Bank & HDFC.

    For further information kindly contact:

    Ms. Ritu Pande
    Head - Corporate Communication
    Seclore Technology
    +91-22-40155252
    ritu.pande@seclore.com
    www.seclore.com

For further information kindly contact: Ms. Ritu Pande, Head - Corporate Communication, Seclore Technology, +91-22-40155252, ritu.pande at seclore.com