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Online translations are putting banks in danger

These days, businesses must adapt more and more rapidly to changes if they want to retain their position in the market. With globalization, internationalization and hyper-connectivity, businesses are changing the way they do work, including translation. Translation is becoming more and more essential! Multilingual communication meets the needs of potential international clients.

Subject to this need and the speed of technological innovation, banks are increasingly affected by translation-related security risks.

Subject to this need and the speed of technological innovation, banks are increasingly affected by translation-related security risks.

Numerous portals now offer free and fast online translations. Although their practicality and easy access is tempting, using them has its consequences. There are hidden confidentiality and IT security risks behind these practices and Google is very clear on this matter. Most employees, however, are unaware of these dangers.

Using these platforms may also constitute a violation of the Monetary and Financial Code. A simple translation using free online services can cause banks to divulge information about their clients, who are covered by banking secrecy. If certain documents that need to be translated are done so online, this is a violation. Certain hackers have no problem acquiring this information. So the risk is a big one, especially since anyone violating banking secrecy is liable for a high fine.

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