Security Solutions For Finance

Over the past few years, the financial services industry has been the focus of unprecedented scrutiny by both domestic and international regulatory bodies as a number of new government regulations and industry mandates have been introduced. These regulations and mandates aim to ensure that companies in Financial Services are either providing increased protection to customer information or are decreasing their operational and business risk through better internal controls and risk management. As a result, there has been a significant increase in demand for products that increase customer privacy, data reliability, integrity, and security.

The Gramm-Leach-Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999, brought security issues in Financial Services to the forefront. It requires financial services institutions to develop precautions to ensure the security and confidentiality of customer records and information, to protect against any anticipated threats or hazards to the security or integrity of such records, and to protect against unauthorized access to, or use of, such records or information which could result in substantial harm or inconvenience to any customer.

The Federal Financial Institutions Examination Council (FFIEC) has created an information security handbook called “Guidelines Establishing Standards to Safeguard Customer Information” to assess compliance with the GLBA. The guidelines also afford the FFIEC agencies enforcement options if financial institutions do not establish and maintain adequate information security. Financial institutions use FFIEC guidelines as a framework to comply with the information security requirements of GLBA. In addition, various states have introduced their own security-related regulations that impact the financial services industry. SB-1386, the California Security Breach Information Act, was signed into state law in July 2003 to address consumer information privacy and security issues. All financial services companies doing business in the state of California have to comply with SB-1386. In addition, many states and countries have developed their own regulations, such as the EU Data Protection Directive, which requires that companies doing business in the EU countries take appropriate security measures to guard against the accidental loss of, or damage to, personal data.

How TBG Security Can Help Your Business


TBG Security provides end-to-end information security solutions. We have a proven track record of helping our customers gain efficiencies through technology support and implementation. Our experienced network of security experts has subject- matter expertise in a broad array of disciplines.

Through our industry expertise and track record with PCI and other compliance requirements for over 15 years, TBG Security acts as a trusted advisor to its clients around the world. We are on hand to guide our clients through their compliance program, to provide often vital advocacy to the compliance organizations and , and to supply any necessary remediation services. Our Industry expertise is reflected in these key benefits:

The Shortest Path To Compliance. Unlike companies that simply know network security, we understand the requirements for a broad range of compliance regulations. We’ve seen the issues before and have implemented solutions across a broad spectrum of industries and customer profiles. Few other vendor can apply this unique knowledge and expertise to achieve faster, higher integrity project completion.

Flexible Solutions. We pride ourselves on our customer driven approach to solving your organizations security challenges. TBG does not partner with any security vendors leaving us with a unique ability in the industry to present truly objective solutions.

Commitment To Excellence. Although many vendors offer services to companies seeking compliance and auditing solutions, few providers match TBG’s expertise, intelligence-gathering capabilities, commitment to open standards, or role as trusted advisor.

 

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