Billions of Files Scanned to Identify Russian Data to Comply with the Sanctions Imposed by U.S. Government
for one of the largest banking and finance companies
![Business Need](https://www.datadynamicsinc.com/wp-content/uploads/2022/02/Icons-for-Case-studies_v01-10.png)
Business Need
- Identifying the Russian Data in the system – people, military servicemen, and more
- Complying by the sanctions imposed by U.S, Government on Russian transactions in the light of the recent global event
- Scanning billions of files to identify Russian data in the system
- Blocking assets related to the sanctions to avoid risk and to ensure compliance with sanctions
![Challenges Faced](https://www.datadynamicsinc.com/wp-content/uploads/2022/02/Icons-for-Case-studies_v01-02.png)
Challenges Faced
- Identifying assets related to over 300 sanctioned companies by the U.S. Government
- The growing list of sanctioned individuals and entities resulting in the risk of implementation gaps
- Understanding the applicable sanctions to avoid penalties for violating U.S. sanctions
- Strengthen the screening process to avoid compliance breakdowns and severe penalties
![Solution Offered](https://www.datadynamicsinc.com/wp-content/uploads/2022/02/Icons-for-Case-studies_v01-03.png)
Solution Offered
Data Dynamics’ Analytics Suite:
Identification
- Analyzing files to identify Russian with respect to entities such as – names, birthplace, telephone, language, address, location, company, and more
Analysis
- Content analysis report for custom reporting templates
- Identification of files with sensitive information associated with regulatory requirements for higher governance, risk mitigation, and compliance
Action
- Creating an immutable audit log backed by blockchain technology to track the data access activities
- Quarantine files containing sensitive information or remediating file permissions to drive security and compliance
![Business Impact](https://www.datadynamicsinc.com/wp-content/uploads/2022/02/Icons-for-Case-studies_v01-05.png)
Business Impact
- Identification of Russian data assets to comply with the recent sanctions imposed by U.S. Government
- Strengthened discovery process for compliance ensuring no penalties for violating sanctions
- Accelerated process to block the Russian assets to avoid any further financial transactions