How Financial Institutions Can Enhance Document Security and Compliance

Financial institutions must adopt robust measures to safeguard client information, meet regulatory requirements, and build customer trust.

Here’s how they can enhance document security and ensure compliance.

Megon Venter

B2B SaaS Content Writer

Megon is a B2B SaaS Content Writer with 7 years of experience in content strategy and execution. Her expertise lies in the creation of document management tutorials and product comparisons.

Implement Encryption Protocols

Financial institutions should focus on using end-to-end encryption to make sure their communications and document sharing are secure. It's important for keeping private info safe from anyone who should not see it, covering everything from emails and client statements to loan agreements and other financial records.

We recommend investing in a comprehensive tool like PDF Reader Pro, which is available on Mac, Windows, iOS, and Android:

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Tip from PDF Reader Pro

Follow the steps in this quick guide to learn how to encrypt your PDF files:


Step 1: Open Your File

Step 2: Click on "Editor"

Choose "Security" and select "Set Passwords".

Step 3: Choose a New Password

Click on "Encrypt" to finalize.

Use MFA on Devices and Accounts

These institutions can bolster their authentication process by implementing multi-factor authentication (MFA). 

MFA adds multiple layers of security by requiring users to verify their identity using a combination of factors: something they know (like a password), something they have (like a mobile phone or hardware token), and/or something they are (like biometric data, such as fingerprints).

Make Use of Cloud Storage

Cloud storage solutions must provide features like automatic encryption, redundant backups, and geo-redundancy (storing copies of data across multiple locations to prevent loss in case of an outage).

This not only ensures document security but also enables easier compliance with regulations like GDPR or the Financial Industry Regulatory Authority (FINRA).

Tip: When selecting a document storage solution, verify that the provider adheres to security certifications like ISO 27001, which ensures they meet global security standards.

Secure Collaboration and Sharing

Sharing sensitive documents through unsecured means can expose them to unauthorized access. 

Companies can mitigate the risk of unauthorized access by employing document-sharing platforms that implement end-to-end encryption and robust access controls.

Tip from PDF Reader Pro

We can help when it comes to securing your PDFs before sharing them with clients or collaborators. Follow this quick guide on how to use our digital sign tool to get started:



Step 1: Open Your PDF

Step 2: Click on "Digital Signature"

Place your signature on the page.



Step 3: Create Your Signature Details

Repeat this process for all your colleagues.

Employee Education

As part of their training, employees should be taught how to identify suspicious emails and communications,  securely transfer and store documents, and create and maintain strong passwords.

Training should include guidelines on:

• How to recognize suspicious emails or communication attempts.

• Secure methods of transferring and storing documents.

• The importance of strong password hygiene and regular password changes.

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