Improve Security Visibility, Detect Threats and Protect Customer Data
US financial services institutions must protect their customers’ financial information in accordance with the Gramm-Leach-Bliley Act (GLBA) and Federal Financial Institutions Examination Council (FFIEC) guidelines. The FFIEC prescribes uniform guidelines for a range of financial institutions including banks and credit unions. A loss of data or confidential information can negatively affect a bank’s brand and undermine consumer trust. Failure to meet compliance mandates can also result in penalties including fines, restitution orders, requirements to take corrective actions, and prohibition orders.
Financial services organizations must have a robust cybersecurity program that includes the following: