Financial Services
The financial services industry is the backbone of the global economy and continues to evolve into a complex network of services and providers. These companies face numerous challenges including privacy and data protection, fraud prevention and detection, and corporate governance. The challenges have heightened the importance of effective information technology risk management to continue delivering stable and robust governance and compliance processes.
Cybersecurity Threats
While this sector is no stranger to regulations, financial service companies of all sizes need stringent security to continue delivering stable returns and supporting robust governance and compliance processes.
Compliance Risks
Even more pressing are the continual challenges in managing and complying with the wide and expanding body of laws and regulations including:
Payment Card Industry Data Security Standard (PCI DSS) requiring all organizations that store, process, or transit payment cardholder data to comply with over 225 specific data security controls.
Sarbanes-Oxley (SOX), applicable for publicly traded SEC organizations, the regulations include Section 302 which mandates controls over internal procedures designed to ensure accurate financial disclosure, and Section 404 which requires documentation and testing of the company’s internal controls over financial reporting.
Data Privacy and Breach Notification laws in place in nearly all fifty US states and the European Union.
TrustNet has experts with deep understanding of the unique challenges of the financial industry. Our experience in this sector enables TrustNet to help organizations mitigate these risks and provide the most effective and efficient security and compliance solutions.
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