How Financial Organizations Can Protect the Wireless Presentation Systems from Data Leaks and Other Vulnerabilities

In purely practical terms, the financial sector is one of the most sensitive industries with regards to lapses in cybersecurity. From hackers exposing customer data to leaks of impending IPOs, any type of data breach or even the appearance of such breaches could be fatal to the reputation a financial institution and even possibly put them in legal jeopardy. At the same time, the financial sector is also one of the most susceptible industries to breaches in data security, with roughly two-thirds of over 60 global banking and financial firms having faced at least one serious cyber security attack in a year according to a recent analysis. 

What this means is that any organization working in the industry has to be relentlessly vigilant with their data, ensuring that any digital hardware that their data might pass through – especially commonly overlooked but frequently used equipment, such as a wireless presentation system (WPS) – is armed with security features that can prevent any possible breaches. Furthermore, in anticipation of any new threats that may develop in the future, the same organizations should also look to utilize higher performing equipment with forward-thinking technology that will be able to deal with any potential threats once they appear on the scene.

For banks and financial services companies, the most common threats to their data security tends to fall into two general categories: data breaches and network infiltration. Data breaches, in terms of wireless presentation systems, means intrusions into the wireless connection between the transmitting device of the WPS and its receiver that result in data leaks and the stealing of data. Network infiltration on the other hand means taking advantage of the same wireless connection to break into the entire organization’s network. Knowing this, it is incumbent on the IT staff of each organization to procure only WPS equipment that can effectively address these types of threats.

Source: BSI Study 2017

Based on the security features detailed above, BenQ’s InstaShow WDC30 wireless presentation system is guaranteed to offer a level of protection not seen in other WPS devices. InstaShow WDC30’s data protection starts with the indispensable building blocks of a discrete router chip that allows for a wireless signal sequestered from the organization’s network, software-free installation, and an authentication procedure that ensures that only the right devices can connect. Then once authenticated, the connection and subsequent data transfers are then protected by InstaShow WDC30’s FIPS 140-3 and EAL6+ certified cryptographic algorithm, with the cryptographic key stored on a EAL6+ certified security chipset. 

Even though InstaShow WDC30 checks all the data security boxes listed above, there are some additional features that BenQ has loaded onto the device to further its optimization, including the use of the newest and fastest Wi-Fi 6 wireless signal – which also means utilization of Wi-Fi 6’s built-in advanced encryption features – as well as a “cut-off” button which allows you to disable connections from BYOD mobile devices for increased protection.

For a fuller understanding of the extent of InstaShow WDC30 features, see the specifications table below.