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Danny Chan for MongoDB Builders

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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

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Danny Chan, specialty of FSI and Serverless

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Kenny Chan, specialty of FSI and Machine Learning

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