Ensure protection of Sensitive Information and Meet Compliance Requirements and Guidelines with FFIEC’s enforcments of GLBA
Which Regulations Matter for Your Organization?
The Gramm-Leach-Bliley Act (GLBA) of 1999 established a requirement to protect consumer financial information. The Federal Financial Institutions Examinations Council (FFIEC) supports this mission by providing extensive and evolving guidelines for compliance.
What to know about the GLBA/FFIEC Compliance Regulations:
The FFIEC supports the GLBA mission by providing extensive, evolving guidelines for compliance and evaluating financial institutions. Financial services regulations on information security, initiated by the GLBA, require financial institutions in the United States to create an information security program to:
- Ensure the security and confidentiality of customer information
- Protect against any anticipated threats or hazards to the security or integrity of such information
- Protect against unauthorized access to or use of customer information that could result in substantial hard or inconvenience to any customer
What You Need to Do - and How MDS Can Help:
In order to determine whether or not an institution is in compliance with the FFIEC guidelines, comprehensive assessments administered by a Third-Party must be administered to determine whether or not an institution is in compliance. Additionally, assessments of the internal environment must be conducted to identify potential security weaknesses and threats. Then goals must be set, solutions implemented, and the periodic risk assessments performed in order to maintain an adequate level of security.
MDS security and risk consultations services help support GLBA and FFIEC compliance efforts by performing analyses to determine the appropriate controls to protect information based on original risk. Armed with methodology aligned with FFIEC requirements, our Professional Services team can help regularly audit your IT systems, maintain a risk-based assessment of your network, track critical assets and protect data, and understand the impact of threats.
Building out and maintaining your IT ecosystem doesn’t have to be a do-it-yourself project. MDS can help identify network issues, configure devices, and optimize your infrastructure to maximize efficiency and performance. Our consultants are highly trained technology specialists that understand the complexities of multi-vendor environments and have the knowledge and skills to help your business become more agile, customer-focused and operationally efficient.