Regulations are complex, let's make it simple!
The regulations for finanical services range from small to large banks, private equity managers, investment advisors, investment agents, high net-worh individuals and more, it is time to protect those coveted assets.
From the SEC, Sarbanes Oxley, GLBA and PCI DSS regulations that have been published, Information Security is paramount and the overarching strategy for your business. As company's process large amounts of cash, the transaction, transmittal, internal data repositories, intellectual property and more are required to be secured adequately or your business may be subject to millions of dollars in fines (i.e., Home Depot, Jimmy John's..).
The Knox Corps has extensive experience in the financial services sector securing billions of dollars in transactions and implementing an Information Security Management Program for the enterprise while driving down business cost and increasing business efficiency.
Financial services companies include banks, credit unions, investment firms, insurance companies et cetera. Their fundamental connection to wealth and the global economic system as a whole make them a high-value target for cyber attacks throughout the United States and International.
Risk management is not a one time occurence as threats evolve and become more sophisticated. Firms are required to have an ongoing security program that addresses the global business risk (technical and non technical) in order to maintain the safety of the people, firm and data.
The Knox Corps has specialized experience in securing firms in this sector, please contact us today to begin securing your assets.
Financial Risk Remediation
Regulatory fines can get to be very complex when equating risks to dollars. At times, the total cost for a breach might exceed to what the business is worth. Regulators mandate that fines are received 30 days after their initial report.
Breaches lead to reputational damage that equate to losses and eventually the non-existence of your business. Hackers are not your only enemies, your competitor could be an enemy.
It is time to protect your business and the identities of your customers, contact Knox!
PCI DSS - PCI governs the security hanlding, processing, transmitting and/or storing of credit card informaton and the cardholder's information. Many entities have suffered to adequately secure this information.
SEC - David Glockner, director of the SEC’s regional office urges firms to double down on cybersecurity as a concern for more than just the IT department.
FFIEC - Federal Financial Institutions Examination Council plans to take several additional steps to help banking institutions enhance their cybersecurity risk preparedness as well as maintain other security-related activities that protect data.
GLBA - GLBA is a federal law enacted in the US to control the ways that financial institutions deal with the private information.
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