Enable Sensitive Data Classification for Financial Services & Banking
How financial services & banking organizations should implement DLP-01 for Microsoft 365 security and compliance.
For financial services & banking companies using Microsoft 365, enable sensitive data classification is a security priority. This guide explains how DLP-01 helps financial services & banking organizations protect their identity infrastructure while meeting industry-specific compliance mandates.
Why Financial Services & Banking Organizations Need This Control
Financial Services & Banking organizations face specific regulatory requirements including soc2, pci-dss, nist-800-53, iso27001. The DLP-01 control helps address these requirements by:
- Microsoft Purview sensitivity labels are configured
- At least 3 sensitivity levels are defined (e.g., Public, Internal, Confidential)
- Labels are applied to sensitive data in SharePoint and OneDrive
Without data classification, you cannot protect what you cannot identify. Sensitivity labels enable targeted protection policies, ensuring sensitive data receives appropriate controls regardless of where it is stored or shared.
Industry-Specific Considerations
When implementing DLP-01 in a financial services & banking environment, consider:
- **Regulatory requirements**: soc2, pci-dss, nist-800-53 may mandate specific configurations
- **Risk tolerance**: Financial Services & Banking organizations typically have moderate to low risk tolerance
- **Audit frequency**: Plan for regular compliance reviews
- **Documentation**: Maintain detailed records for regulatory inspections
How to Configure
DLP-01 requires the following configuration:
- Microsoft Purview sensitivity labels are configured
- At least 3 sensitivity levels are defined (e.g., Public, Internal, Confidential)
- Labels are applied to sensitive data in SharePoint and OneDrive
Requires Microsoft Purview license and configuration
Follow the steps above in your Microsoft Entra admin center to enable this control.
Financial Services Compliance Requirements
Financial Services organizations must comply with these frameworks, all of which address enable sensitive data classification:
Why This Control Matters for Financial Services
Without data classification, you cannot protect what you cannot identify. Sensitivity labels enable targeted protection policies, ensuring sensitive data receives appropriate controls regardless of where it is stored or shared.
Common threats in financial services & banking:
- • Account takeover attacks
- • Insider trading through unauthorized access
- • Wire fraud via business email compromise
For financial services & banking organizations, DLP-01 is a key component of a compliant Microsoft 365 security posture. TrueConfig helps you implement and maintain this control while meeting industry-specific requirements.
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