Comparative analysis of database security compliance frameworks for financial regulations

Posted: Dec 04, 2021

• Olivia Roberts
• Owen Baker
• Owen Nguyen

Abstract

The financial services industry operates within one of the most heavily regulated environments globally, with database security representing a critical component of regulatory compliance. Financial institutions face an increasingly complex web of regulations including GDPR, SOX, PCI DSS, Basel III, and various national financial regulatory frameworks. The challenge of maintaining database security while ensuring compliance has become increasingly complex due to the volume of sensitive financial data, the sophistication of cyber threats, and the dynamic nature of regulatory requirements. Traditional database security frameworks often struggle to address the unique requirements of financial regulations, leading to compliance gaps, operational inefficiencies, and increased vulnerability to security breaches. This research addresses the critical need for a systematic comparative analysis of database security compliance frameworks specifically tailored to financial regulatory environments.