How WinRAR Can Be Used In The Financial Industry

The primary targets for data thieves, financial organizations have huge data files to protect. Successful attacks lead to reputational damage and loss of client trust.

WinRAR enables file compression and the highest level of encryption as standard. Centralized administration makes it simple to ensure the highest standards of data protection are being implemented at all levels.

A Brief Introduction To WinRAR

WinRAR is a data compression and archiving tool. It can compress data into smaller, more manageable archives saving space and making them easier to share online or via email. WinRAR also acts as a virtual filing cabinet, storing files in one place in easy to access archives.

WinRAR archives can be encrypted and password protected to secure them against accidental modification.

WinRAR was developed by Eugene Roshal (Roshal Archive), and with its initial release in 1995, it is the original data compression and extraction tool, used by over 500 million users worldwide.

WinRAR has a loyal following and is one of the most popular and trusted compression utilities on the Windows platform.

WinRAR is officially known as trialware, providing users with a 40-day trial period.

After the 40 days, a license must be purchased to continue using WinRAR.

Encryption & Data Security

Financial institutions are among the top targets for data thieves and cyber-attacks. With enormous amounts of sensitive information to protect, the consequences of a data leak and the loss of unprotected data can be catastrophic for financial organisations and their customers.

Securing data with encryption retains customer confidence, and ensures that financial institutions comply with national and international industry directives. Organisations also need to establish security protocols that are easy-to-use and do not interfere with customer service, communication or other business requirements.

What Data Should Be Encrypted?

One of the most regulated industries in the world, the Finance Sector deals with obvious Personally Identifiable Information (PII), such as names, addresses and social security numbers, as well as more sensitive data including income details, credit scores and Non-public Personal Information (NPI).

Most financial institutions are required to:

  • Ensure customer information is help securely and confidentially.
  • Protect this information from any anticipated threats.
  • Protect this information from any unauthorised access.

This is the type of information that should be protected with encryption in the financial sector:

  • Any sensitive information that the customer provides, including names, address, income, social security numbers.
  • Any information received about an individual when a transaction takes place between the individual and the financial service provider. This includes information such as account numbers, payment history, loan or deposit balances and credit card purchases.

Industry tested encryption algorithms should be employed by financial institutions. Encryption technology with long key lengths is essential, and example of industry-tested and accepted encryption standards is AES 256-bit. The same encryption standard used by the Military and Government sector.

The Different Levels Of Encryption


This basically means adding encryption to the data before storing it in a database, cloud storage, the server, etc. This is considered one of the most secure ways to protect data, and allows access control to the data as well as other security parameter that can be implemented.

This also applies to any sensitive information that is stored on portable devices such as laptops and smartphones. These portable devices should also have their hard drives encrypted, including all external hard drives.


With the increased use of mobile devices to do their banking, customers and businesses alike need a secure way to communicate with their financial services provider. Ensuring that all emails, text messages, apps and websites are securely encrypted end-to-end is a must for the financial sector.

This way, any data that is being shared is protected while it’s in transit, so that it cannot be read while it is on route to its destination.

The Importance Of Effective Key Management

Encryption keys are the way to unlock and read all of that encrypted data that has been stored or shared. How these keys are managed is just as important as the sensitive data itself.

Losing an encryption key means losing access to the data too. With the Financial Sector having some of the greatest concerns with regards to employee and customer data, having complete control over the use of encryption and who holds the keys to the data that has been encrypted, is a very important decision that each organisation must take into consideration.

How WinRAR Can Help

Financial institutions need to be able to stop a data leak before it even begins. They move data globally and very quickly across multiple IT infrastructures and store sensitive information in multiple repositories. One relatively small breach can cause a huge deal of damage.

WinRAR uses AES 256-bit encryption. The industry standard for encryption technology, simply set your RAR archives and files with a password, and WinRAR will not only encrypt the archive, but all of the metadata too. This is perfect for sending data across servers, with emails and for storing important data in the cloud.

With WinRAR, admin rights can be established, protecting files from unwanted viewing and taking control of those encryption keys. With data and time stamps, administrators have full control over who and when sensitive data is viewed and by whom.

WinRAR’s built-in Password Manager also helps with control of encryption keys and the numerous passwords that organisations need to implement to keep data protected.

With more than 25 years’ experience and a dedicated Sales & Support Team, WinRAR is the ultimate software for Financial Institutions. Out-of-the-box and easy to use, WinRAR can do everything that organisations need to stay compliant with privacy regulations such as the GDPR and CCPA.