For financial institutions, trusted customer relationships are critical assets, and maintaining this trust is of the highest priority. Recent legislation, such as the Gramm-Leach-Bliley Financial Services Modernization Act (GLBA) of 1999, has established formal requirements for maintaining this trust, specifically by protecting customer personal information. Applied Trust can help your organization safeguard private customer data and meet GLBA requirements—typically, using existing infrastructure without significant capital expenses.

Applied Trust can perform an initial compliance assessment, designed to identify security gaps without adversely affecting production services or making large time demands on internal IT resources. Rather than following a stale checklist, or drilling your staff with hundreds of canned assessment questions, Applied Trust’s engineers start by first gaining a thorough understanding of your business. We develop a detailed understanding of the types of data your business handles, where that data is stored and transmitted, and how it is used by your organization. Then, we will evaluate the IT security controls that are in place to protect this data. This approach not only ensures that we get a holistic view of the security of your customer data, but also enables our engineers to make recommendations for improvement that truly fit your business priorities.

If we identify any security gaps during the assessment, Applied Trust will draw on industry best practices and our own vendor-neutral experience to identify administrative, technical, and physical safeguards that will bring your organization into GLBA compliance. The same senior engineers who performed the initial assessment will be available to implement the identified recommendations; this unique approach ensures continuity from assessment to mitigation to operations.

If your organization isn’t sure of its compliance status, or if you have had a previous audit that yielded a thick findings document but no actionable recommendations, Applied Trust can help. Our assessment and mitigation services are focused on identifying balanced, practical steps that will lead your financial institution to GLBA compliance along the most efficient path.

Let us bring a practical approach to your standards compliance effort. Call us at (303) 245-4545 or contact us on the Internet.