Fiberlink Safeguards Financial Services Firms Against Costly Data Breaches
Financial IT Reg Enforcement Service Helps Financial Service Firms Protect Mobile Devices and Data Against Multi-Million Dollar Breaches
Fiberlink Communications Corporation, the provider of cloud-based Mobility as a Service (MaaS) solutions, today announced the launch of the Financial IT Reg Enforcement Service to help financial service organizations safeguard data on mobile devices.
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Using Fiberlink’s service, these organizations can protect themselves against data breaches, which the Ponemon Institute values at an average of $3.4 million per instance.
The Financial IT Reg Enforcement Service addresses the challenges of a growing mobile workforce by securing laptops, smartphones, netbooks and distributed PCs. With the service, financial firms can easily pinpoint non-compliant endpoints and vulnerabilities, meet state and federal PCI compliance regulations, troubleshoot problems, identify opportunities to improve operating processes and reduce networking costs.
“Today’s financial firms are rightfully worried about the sensitive data that is stored on mobile devices and transmitted across wireless networks. Cybercrime has advanced in sophistication, requiring IT to be prepared with adequate tools to protect customer data,” said James Sheward, CEO at Fiberlink. “Fiberlink’s new financial service secures this data so financial firms can prevent security breaches and avoid regulatory fines and damage to reputation and revenue.”
Using Fiberlink’s MaaS360 cloud-based platform, the Financial IT Reg Enforcement Service collects data on thousands of mobile devices. It gathers detailed information on installed hardware and software, data security applications, patch updates, anti-virus signature files, VPN usage and connections to the Internet. The service then analyzes and sends reports to a centralized management portal. Additionally the service allows administrators to remotely push patches and remote control the devices in the cloud.
This high level of detail helps financial firms demonstrate regulatory compliance, which according to a recent technology adoption profile conducted by Forrester Consulting on behalf of Fiberlink is a top IT security priority. The study, titled “Managing and Securing Corporate and Personal Mobile Devices in Financial Services,” reveals that Financial Industry Regulatory Authority (FINRA) compliance is the number one regulation driving concern around mobile devices and that IT professionals at firms governed by FINRA are under pressure to ensure that devices are in compliance with their firm’s broader privileged information requirements.
The Financial IT Reg Enforcement Service is available now. A free 30-day trial can be downloaded from their website.