DEV Community

Cover image for ๐Ÿ”’ Tip and Trick: MongoDB Security, Regulatory Compliance & Zero Trust ๐Ÿ”‘
Danny Chan for MongoDB Builders

Posted on

1 1 1 1 1

๐Ÿ”’ Tip and Trick: MongoDB Security, Regulatory Compliance & Zero Trust ๐Ÿ”‘

Topic 1: Regulatory Compliance ๐Ÿ’ผ

  • ๐Ÿšจ Detecting Fraud, Risk Management, and Customer Identity Verification (KYC)
  • ๐Ÿ›ก๏ธ Sanctions Regimes (Sanctions) and Anti-Money Laundering (AML) for Virtual Currencies & Prepaid Cards
  • ๐Ÿ” AI-powered Data Cleansing and Surveillance Systems to Identify Suspicious Activities


Fraud Prevention: ๐Ÿšซ

  • ๐Ÿ” Improves Detection Accuracy
  • ๐ŸŒ Increases Flexibility and Scalability
  • ๐Ÿ”’ Enhances Security
  • ๐Ÿ’ฐ Reduces Cost of Operation


Predict Anomalies in Real-Time: ๐Ÿ•ฐ๏ธ

  • ๐Ÿงญ Create a Holistic Picture of Customers
  • ๐Ÿšจ Better Predict Transaction Anomalies


Protect Data: ๐Ÿ”’

  • ๐Ÿ“œ Ensure Regulatory Compliance
  • ๐Ÿ” Industry-Leading Encryption, Access Controls, and Data Protection Protocols


Change Streams: ๐Ÿ”„

  • ๐Ÿ‘€ Monitoring Database Changes in Real-Time


Operational Data Store (ODS): ๐Ÿ—ƒ๏ธ

  • ๐Ÿ’พ Handle Large Amounts of Data
  • ๐Ÿš€ Capture, Store, and Process High-Volume Transactional Data in Real-Time


Regulatory Compliance: ๐Ÿ“œ

  • ๐Ÿ’ณ Payment Card Industry Data Security Standard (PCI)
  • ๐ŸŒ General Data Protection Regulation (GDPR)
  • ๐Ÿ”‘ California Consumer Privacy Act (CCPA)
  • ๐Ÿ’ณ Payment Services Directive 2 (PSD2)
  • ๐ŸŒณ Sustainable Finance Disclosure Regulation (SFDR)
  • ๐Ÿ”‘ Role-Based Authorization Controls
  • ๐Ÿ—บ๏ธ Geospatial & Network Graph Analytics
  • ๐ŸŒ Identify Physical Risks Associated with Climate Change (e.g., Floods, Wildfires)
  • ๐Ÿ”ฎ Predictive Approach to Understand Intricate Patterns



๐Ÿ”’ Topic 2: Zero Trust ๐Ÿ”‘



Zero Trust: ๐Ÿ•ธ๏ธ

  • ๐Ÿ”’ Cybersecurity Approach
  • ๐Ÿ” Limit Users' Opportunities to Compromise Security
  • ๐Ÿšซ Limited Connectivity to the Internet
  • ๐Ÿ‘ค Robust Authentication for All Users
  • ๐Ÿ”’ Strictly Limit Access to Data
  • ๐Ÿ” Encrypt Data
  • ๐Ÿ”‘ All Actions Must Pass Through User Authorizations
  • โœ… Allow Users to Authenticate Themselves


Security by Default: ๐Ÿ”’

  • ๐ŸŒ Configure IP Access Lists
  • ๐Ÿ”‘ Allow Attempts to Authenticate to Database


Auditing Capabilities: ๐Ÿ”

  • ๐Ÿ‘€ Track Suspicious or Unexpected Behavior by Event, User, or Role



Reference:

https://www.mongodb.com/solutions/industries/financial-services/fraud-prevention
Fraud Prevention with MongoDB

https://www.mongodb.com/library/financial-services/powering-innovation-fin-serv-ai?lb-mode=overlay
Powering Innovation in Financial Services with Artificial Intelligence

MongoDB: Capabilities for Use in a Zero Trust Environment
https://www.mongodb.com/library/financial-services/wp-mongodb-capabilities-for-use-zero-trust-environment?lb-mode=overlay


Editor

Image description

Danny Chan, specialty of FSI and Serverless

Image description

Kenny Chan, specialty of FSI and Machine Learning

Postmark Image

Speedy emails, satisfied customers

Are delayed transactional emails costing you user satisfaction? Postmark delivers your emails almost instantly, keeping your customers happy and connected.

Sign up

Top comments (0)

Billboard image

The Next Generation Developer Platform

Coherence is the first Platform-as-a-Service you can control. Unlike "black-box" platforms that are opinionated about the infra you can deploy, Coherence is powered by CNC, the open-source IaC framework, which offers limitless customization.

Learn more